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General Provisions

Seattle Mun. Code § 6.104.030
in effect
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6.104.030 - General Provisions All lessors of commercial premises involved in promoting or executing lease agreements for commercial properties within Seattle shall comply with the following: A. For any new lease executed after January 29, 2024, the total value of any required security deposit and/or letters of credit shall not exceed the total value of the first month and last month of base rent. B. For any new lease executed after January 29, 2024, the maximum personal guaranty that may be included in a commercial lease or in a separate agreement upon which a commercial lease is conditioned is the sum of (1) the first two years of base rent payments and (2) the total cost of tenant improvements made to the leased space, inclusive of tenant improvement allowance, if any; and exclusive of tenant improvement costs borne by the tenant, if any. (Ord. 126982, § 2, 2023)
Source: City of Seattle, Seattle Municipal Code and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/wa/seattle/codes/municipal_code?nodeId=TIT6BURE_SUBTITLE_IIIMIBURE_CH6.104COLEREAG_6.104.030GEPRFetched: 11/1/2026

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6.104.030 | Corpus