MHCO Article Topics
MHCO Note: Although the limit for 2025 will be set at 10%, housing providers should be aware that legislative action in 2025 could quickly change the limit formula downward.
|Published: Sep. 23, 2024, 'Oregonian'.
Oregon landlords are allowed to raise rents by up to 10% in many residences next year, state officials said on Monday.
On July 6, 2023 the Oregon Legislature passed SB 611 which lowered the existing cap on annual rent increases for residential tenancies. With the Governor's signature the bill is now the law.
Answer: Currently, ORS 90.600(2)(b) limits rent increases to 7% plus CPI (“Cap”) for any 12-month period.
Earlier this week the Oregon Legislature released proposed legislation for the upcoming 2021 Legislative Session. This is our first look at what the Legislature has in mind as we head into the six month session. Over the next two months new legislative proposals will be added to this list - some proposals will fail, some will pass, some will never get a public hearing.
The limitation on evictions after the first year of occupancy will likely have the biggest impact on landlords. During the first year of occupancy in a month-to-month tenancy, the landlord can evict a tenant with a written 30-day, “no-cause” notice.
It was a brutal legislative session that will always be remembered for the passage statewide rent control (SB 608). Unconscionable that the majority party leaves opponents 90 - seconds to testify in opposing significant legislation after unlimited time for panel after panel of 'experts' in support. When in power they all do it - Democrat and Republican - not a pretty thing to watch.