1. (1) Lease agreements can be terminated by:

   1. (a) Eliminating or adding parties to the agreement;
   2. (b) Expiration of the agreement;
   3. (c) Modifying of any lease term in the agreement;
   4. (d) Terminating the agreement by any means by either party; or
   5. (e) Extending or renewing the agreement, even if done according to its renewal provision, creates a new agreement and effectively terminates the old one.
2. (2) A strictly formal change in a lease agreement modifying the method, frequency, or manner in which lease payments are made without increasing the total payment obligation of the lessee is not considered a modification of the lease terms.

[Statutory Authority: RCW 71A.20.140. WSR 01-10-013, § 388-835-0025, filed 4/20/01, effective 5/21/01.]