Index

• Jurisdiction: Washington

References are to section numbers.

Bolded section numbers refer to text in the supplement(s).

A

Abandonment

Easements, 7.8(2)(c)

Receivership estate property, 26.3(3)

Residential leased premises, 19.2(16)

Running covenants, termination of, 8.6(1)(d)

A/B notes, 25.6(3)

Abstracts of title, 14.2

Accountings

Mortgage redemptions, 20.15(6)

Trustees duty to account, 2.3(1)(b)

Acknowledgments

Deeds, 5.2(1), 5.5(6), 5.5(7)

Powers of attorney

generally, 4.9

form of, 4.9(2)

Recordation of instruments, 6.4(2), 6.6(2)

unacknowledged instruments, 6.4(2)

Administrators of estates, see Personal representatives

Adverse possession/use, see Prescriptive easements

Affirmative easements, 7.2(2)

After-acquired title doctrine, 6.4(5)(f)

Agency Disclosure, 10.7(16)

Agreements

Leases, for, 17.3(2)(c), 17.3(2)(c)

Loan participation agreements, see Loan participations

Purchase and sale, see Purchase and sale agreements

Real estate contracts, see Real estate contracts

Running covenants, termination of, 8.6(1)(b), 8.6(1)(b)

Agriculture

Crops, see Crops

Real estate contract terms, 22.4(9)

Residential real estate disclosures, 10.3(6)

Alienation of property, see Transfer of property interests

Alley boundaries, 13.6(3)

ALTA closing protection letter, 14.8 ALTA Commitment

Generally, 14.11

Conditions, 14.11(1)

Endorsements, 14.11(5)

Requirements, 14.11(3)

Schedule A, 14.11(2)

Schedule B (exceptions), 14.11(4)

ALTA Facultative Reinsurance Agreement, 14.31(1)(a)

ALTA Homeowners Policy for One- to-Four Family Residence, 14.27

ALTA Loan Policy

Generally, 14.22

Conditions, 14.22(2)

Exclusions, 14.22(1)

Schedule A, 14.22(3)

Schedule B, 14.22(4)

Subsequent endorsements, 14.23

ALTA Owners Policy

Generally, 14.21

Conditions, 14.21(2)

Exclusions, 14.21(1)

ALTA policy revisions, 14.17, 14.17

ALTA short form policies

Generally, 14.25

Equity loans, 14.24

ALTA U.S. Policy, 14.26

American Land Title Association (ALTA), 14.5

Annual percentage rate (APR), 24.3(1)(d)(iv)

Appraisal reports

Form reports, 15.4(2)

Narrative report, 15.4(3), 15.4(3)

outline of, 15.5

Oral report, 15.4(1)

Reconciliation portion of, 15.12

Restricted use report, 15.4(3)(c)

Self-contained report, 15.4(3)(a), 15.4(3)(a)

Summary report, 15.4(3)(b), 15.4(3)(b)

Types of, 15.4, 15.4

USPAP minimum requirements, 15.3(5)

What to look for in, 15.6

Appraisals

Appraiser licensing, 15.2(3), 24.5(3)(c)

Appraisers liability, 15.14

Cost approach, 15.9

Exposure time estimate, 15.13, 15.13, 15.13(1), 15.13(1)

Ground lease provisions, 18.4(2)

Highest and best use determination, 15.7

Historical developments, 15.1, 15.1

Income capitalization approach, 15.11

Land valuation techniques, 15.8(2), 15.8(4)(e)

Land value, 15.8

Lending disclosures, 24.5(3)(d)

Marketing time opinion, 15.13, 15.13(2)

Reports, see Appraisal reports

Sales comparison approach, 15.10

Uniform standards (USPAP), 15.3, 15.3

competency rule, 15.3(3), 15.3(3)

definitions, 15.3(1), 15.3(1)

ethics rule, 15.3(2), 15.3(2)

minimum reporting requirements, 15.3(5)

record keeping rule, 15.3(4)

scope of work rule, 15.3(4)

Washington appraiser law, 15.2

Appurtenances

Generally, 5.8(4)

Conveyances of rights and benefits, 5.8(4)

Easements appurtenant, see Easements appurtenant

Armed forces, see Military personnel

Assessments

Landlord and tenant, 17.8(2)

Real estate contracts, 22.4(4)

Assignments

Commercial leases, 18.3(1)

Insurance provisions, negotiation of, 16.2(3)

Leases, 17.11(1)

covenants against assignments, 17.11(1)(b)

effect of assignment, 17.11(3)(a)

subleases, distinguished, 17.11(1)(a)

Mortgages, 20.11(1), 20.11(3), 20.11(4)

Purchase and sale agreements

insurance provisions, 16.2(3)

residential real estate, 10.7(15)

Real estate contracts

excise tax, 12.32

terms of, 22.4(11)

Rents, 21.3

Residential real estate sales agreements, 10.7(15)

Assignments for the benefit of creditors, 26.9

Attorney fees

Real estate contract forfeitures, 22.5(12)

Residential leases, 19.2(19), 19.2(19)

Running covenants, 8.7(4)

Warranty of title, breach of, 5.4(4)

Attorneys

Fees, see Attorney fees

Residential real estate sales agreements, preparation of, 10.6(2)

Attorneys in fact, see Powers of attorney

Automatic stays, see Receiverships

B

Bankruptcy

Excise tax on transfers, 12.8, 12.8

Grantor of deed of trust, 21.6(4)

Real estate contracts, 22.3(4)(e)

Tenants, 17.12(2)(f)

Bank usury, 24.3(2)(b)

Bargain and sale deeds

Generally, 5.3(1), 5.3(3)

Limited Practice Board form, 5.3(4)

Warranty covenants, 5.4(1), 5.4(2)

Billboard maintenance, 17.2(3)(b), 17.2(3)(b)

Boiler insurance, 16.1(3)(a)

Boundaries

Alleys, 13.6(3)

Excise tax on line adjustments, 12.9

Streets, 13.6(3)

Water courses, 13.6(4)

Brokers

Mortgage brokers, see Mortgage brokers

Residential real estate sales

brokerage agreement, sellers acceptance of, 10.7(21)

purchase and sale agreements, preparation of, 10.6(1)

Builders risk insurance, 16.1(3)(e) , 16.1(4)(c)

Building restrictions in running covenants, 8.5(2)(a), 8.5(2)(a)

Buildings erected by tenants, 17.6

Burton rule, 8.5(1)(a)

Business entities

Choice of entity

See also specific entity

generally, 1.1, 1.4

critical factors, 1.2

documentation considerations, 1.2, 1.3(5)

ethical considerations, 1.2, 1.5

organizational flexibility, 1.2, 1.3(4)

personal liability considerations, 1.2, 1.3(1)

record-keeping considerations, 1.2, 1.3(5)

tax considerations, 1.2, 1.3(2)

transferability-of-interests considerations, 1.2, 1.3(3)

Corporations, see Corporations (and S corporations)

LLCs, see Limited liability companies

LLPs, see Limited liability partnerships

Partnerships

general, see General partnerships

limited, see Limited partnerships

limited liability, see Limited liability partnerships

S corporations, see Corporations (and S corporations)

Tax considerations

See also specific entity

at-risk limitations, 1.3(2)(b)(iii)

basis in debt, 1.3(2)(b)(ii)

distributions, 1.3(2)(b)(i)

federal income tax

classification, 1.3(2)(a)

passive-activity limitations, 1.3(2)(b)(iv)

self-employment tax, 1.3(2)(b)(v)

Unincorporated associations, see Unincorporated associations

Business interruption insurance, 16.1(3)(c)

C

Certificates of insurance

Generally, 16.1(1)(g), 16.1(1)(g)

Title insurance, 14.30(3)

Chattels, see Fixtures

Check-the-box tax regulations, 1.3(2)(a)

Choice of business entity

See also specific entity

Generally, 1.1, 1.4

Critical factors, 1.2

Documentation considerations, 1.2, 1.3(5)

Ethical considerations, 1.2, 1.5

Organizational flexibility, 1.2, 1.3(4)

Personal liability considerations, 1.2, 1.3(1)

Record-keeping considerations, 1.2, 1.3(5)

Tax considerations, 1.2, 1.3(2)

Transferability-of-interests considerations, 1.2, 1.3(3)

Closings

Generally, 11.1

Checklists, 11.4

Commercial real estate, 9.4, 9.6

Conditions, satisfaction of, 11.2(2)

Document delivery, 11.2(3)

Document execution, 11.2(3)

Due diligence, 11.2(1)

Escrow closings, 11.3

checklists, 11.4

closing costs, 11.3(3)(k)

collected funds, 11.3(3)(g)

conflicts or disagreements, 11.3(3)(i)

disbursement of funds, 11.3(3)(h)

errors in, 11.3(3)(j)

escrow creation, 11.3(1)

escrow instructions, 11.3(3)(a)

forms, 11.4

holdbacks, 11.3(3)(f)

loan payoffs, 11.3(3)(e)

parties to escrow, 11.3(2)

procedures for, 11.3(3)

prorations, 11.3(3)(c)

recordation of instruments, 11.3(3)(h)

taxes, 11.3(3)(c), 11.3(3)(d)

termination of escrow, 11.3(4)

title insurance, 11.3(3)(b)

Forms, 11.4

Preparing for, 11.2

Residential real estate sales agreements

closing agent, 10.7(12)

date of closing, 10.7(13)

Title insurance, 14.12

Cohabitants community property rights, 3.4(5)

Coinsurance

Generally, 16.1(7), 16.1(7)

Title insurance, 14.31(2)

Commercial frustration of lease, 17.12(2)(k)

Commercial leases

See also Leases

Generally, 18.1, 18.1(1)

Access to premises, 18.3(1)

Alteration of premises, 18.3(1)

Arbitration, 18.3

Assignments, 18.3, 18.3(1)

Boilerplate language, 18.3

Checklists, 18.5

Claims, waiver of, 18.3(1)

Compliance with laws, 18.3(1)

Condemnation awards, 17.5(4)(g), 17.5(4)(g)

Condemnation of realty, 18.3, 18.3(1)

Damages, 18.3(1)

Default provisions, 18.3(1)

Definitions, 18.1(2), 18.1(2)

Financing, 18.3(1)

Forms, 18.5

Ground leases, see Ground leases

Guarantees, 18.3

Hazardous materials, 18.3(1)

Indemnification, 18.3(1)

Initial tenant improvements, 18.3(1)

Insurance, 18.3(1)

Late charges, 18.3(1)

Letters of intent, 18.2, 18.2

Liens, 18.3(1)

Limitation on landlord liability, 18.3(1)

Operating expenses, 18.3(1)

Option terms, 18.3, 18.3(1)

Parking, 18.3(1)

Parties to, 18.3(1)

Premises, 18.3(1)

Relocation rights, 18.3(1)

Rent, 18.3(1)

Repair and maintenance, 18.3(1)

Rules and regulations, 18.3(1)

Security deposits, 18.3(1)

Subleases, 18.3, 18.3(1)

Subrogation, waiver of, 18.3(1)

Surrender of possession, 18.3(1)

Term of, 18.3(1)

Use restrictions, 18.3(1)

Commercial loans

Equal Credit Opportunity Act, 24.4(1)

Licensing requirements, 24.2(1)

Project financing, see Project financing

State laws applicable, 24.5(2)

Commercial real estate

Closings, 9.4, 9.6

Earnest money deposit, 9.3(1)

Leases, see Commercial leases

Loans, see Commercial loans

Mortgage redemption amount, 20.15(4)

Purchase and sale

additional terms, 9.8

agreement. Purchase and sale agreement, this heading

covenants, 9.5

remedies for default, 9.7, 9.7

representations, 9.5

warranties, 9.5

Purchase and sale agreement, 9.1, 9.1

closing conditions, 9.4, 9.6

earnest money deposit, 9.3(1)

forms, 9.2(3), 9.9, 9.9

legal description, 9.2(1)

material terms,...