WAS LEG Lease Acknowledgment Bill


On Mar. 13, WAS LEG passed bill re acknowledgment of leases.


  • WAS LEG passed bill SB 5840 relating to the acknowledgment of leases.
  • Bill amends WAS LEG 59.04.010 Tenancies from year to year abolished except under written contract, WAS LEG 64.04.010 Conveyances, encumbrances to be by deed.
  • Bill Provisions
  • Leases do not require acknowledgment, witness, or seals, but to be recorded, lease and memorandum of lease must have lessee's and lessor's signatures acknowledged.
  • Legislative History
  • On Dec. 12, 2023, bill was introduced in Senate; on Feb. 2, 2024, bill passed Senate.
  • On Feb. 6, 2024, bill was introduced in House; on Feb. 27, 2024, bill passed House.
  • On Mar. 13, 2024, bill was signed by Governor; became Chapter 27, 2024 Laws.
  • Effectiveness
  • Bill provisions become effective on Jun. 6, 2024.

Regulators WAS LEG
Entity Types Bank; CNSM; Corp; IB
Reference Ch. 27, Bill, SB5840, 3/13/2024; Citation: *WAS LEG* 59.04.010, 64.04.010;
Functions Compliance; Legal; Reporting
Countries United States of America
Category
State
Products Banking
Regions Am
Rule Type Final
Rule Date 3/13/2024
Effective Date 6/6/2024
Rule Id 204665
Linked to N/A
Reg. Last Update 3/13/2024
Report Section US Consumer

Last substantive update on 03/18/2024