WebDuring any 12-month period, landlords cannot raise the rent more than 7% plus the consumer price index above the existing rent—no matter how long the tenancy. Every September 30, the Oregon Office of Economic Analysis will publish the maximum annual rent increase percentage for the following year. WebApr 3, 2024 · In the case that the landlord wants to increase rent, they must provide the tenant at least 30 days' notice before doing it. In monthly tenancies, the landlord cannot increase rent within the first year of the lease. After the first year has passed, the landlord must send written notice 90 days before the increase.

SB 608 — Oregon Housing Alliance

WebSep 14, 2024 · Starting Jan. 1, 2024, landlords in Oregon may legally increase rents by up to 14.6%. This year, the cap is 9.9% – marking a 4.7 percentage point jump from one year to the next. WebJul 25, 2024 · After the first year, landlords may not increase the rent above 7% plus the average amount of inflation over the past twelve months, as published in the prior … siad hautmont

About Just Cause Eviction and Rent Increase Protections

WebRent Increases If your Landlord raises your rent, you may have the right to a written notice of the rent increase at least 90 days before the effective date of the rent increase. The … WebAfter the first year, landlords must give 90 days notices of rent increases. Also, if you live in Portland, you have extra protections. Portland City Code 30.01.085 requires 90-day notices for any rent increases above 5%. Landlords that violate Portland City Code must pay tenants three month’s rent and reimburse legal fees. WebRent Stabilization: SB 608 allows landlords to raise the rent up to a certain amount every year (seven percent plus inflation), and not above. The provisions are supposed to prevent extreme rent increases. By September 30 th of every year, the Office of Economic Analysis will publish a yearly figure for the coming year. the pear drop ferndown