Phil Querin Q&A: What are the limitations on late fees?
Late Charges or Fees.
MHCO Article Topics
Late Charges or Fees.
The Calculation. Unless exempted by ORS 90.600, a Rent Increase for any calendar year may not exceedthe lesser of: (a) ten percent (10%) or (b) the sum of seven percent (7.00%) times the Current Rent (7% XCurrent Rent) plus the percentage c
By Bill Miner and Seth (Moe) Tangman
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.
Background. Although the Shepard case arose under the non-MHP section of the Act (pre-90.505) the principle is the same for MHPs.
Note: Sample Rent Ledger is attached above.
Background
Phillip C. Querin, MHCO Legal Counsel