WAC 332-22-060. Lease procedure — Rental adjustments

All leases shall provide for periodic rental reevaluation and adjustment, except: (1) Leases with rentals based upon a percentage of crop or income; (2) Leases for commercial, industrial, or business purposes must only provide for periodic rental reevaluation and adjustment if the lease extends beyond 55 years. Periodic rental reevaluation and adjustment is defined as a reappraisal or corresponding readjustment of rent based on the current market rental rate of the leased space or ground. The lessee may request rental adjustments as provided in RCW 79.13.060 .