Property Management
A Washington tenant has a fixed-term lease expiring in 6 months. The landlord wishes to terminate the tenancy at lease end. The landlord must:
AGive 60 days' notice before the end of the lease term
BGive 20 days' notice before lease expiration
CProvide no notice — the lease expires automatically✓ Correct
DFile an unlawful detainer action before the lease ends
Explanation
A fixed-term lease terminates automatically at the end of the lease period without requiring notice by either party (unless the lease or local ordinance requires otherwise). No formal termination notice is needed for a fixed-term lease.
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Key Terms to Know
Earnest Money
A deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
State-Specific Concepts
Continuing Education
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