Raising Rent or Evicting Tenants? Careful!
Last month, the Oregon House passed legislation that would lift Oregon’s statewide ban on rent control and restrict landlords’ ability to evict tenants. House Bill 2004 provides that, after 6 months, landlords may only terminate a month-to-month tenancy for cause. Exceptions are allowed, but landlords must still provide a 90-day notice. The Senate has yet to vote on the bill.
Meanwhile, Portland has already enacted a local ordinance to circumvent the ban on rent control. A landlord that raises rent over 10% within a 12-month period may have to pay up to $4,500 in “tenant relocation assistance.” Any raise in rent over 5% requires a 90-day notice with specified language.
Rent control is coming…or already here. Failure to comply with the new legislation could prove costly. Contact Acker + Associates for any needed assistance.