Oregon House and Senate Pass Sweeping Rent Control – Governor Expected to Sign

Senate Bill 608, Rent Control becomes law just as soon as it’s signed by the governor – some say as early as March 1 

By Jeff Sorg, OnlineEd Blog

(February 27, 2019)

(PORTLAND, Ore.) OnlineEd -Senate Bill 608, Oregon’s sweeping rent control bill, becomes law just as soon as it’s signed by the governor – some say as early as March 1. The bill, passed by the Oregon House and Senate, among other things, eliminates no-cause evictions after the first year of occupancy and adds for-cause reasons to evict including a sale to someone who will move into the property, the landlord or landlord’s family member wants to live in the property, and removal of the property from residential use, provided the landlord gives the tenant a 90-day notice and pays the tenant’s relocation expenses in the amount of one month’s rent. Rents cannot be raised more than 7% plus the consumer price index (CPI) in 12 months. Landlords cannot increase rents in the first year for a month-to-month rental agreement and have to give a 90-day notice after that.

Because the bill has an emergency clause, it will become effective when signed by Oregon’s Governor Brown.

To read a summary and FAQ about the bill, please see the release by the Oregon Association of REALTORS®.

 

 

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Categories: Real Estate