Oregon 2024 Rent Increase. The allowable rent increase percentage for the 2024 calendar year is 10.0%. Oregon’s rent control law as first approved in 2019.
How much can a landlord raise rent in oregon? The initiative would limit the maximum annual rent increase percentage in the state, change the conditions and manner in which a landlord.
Oregon Lawmakers Approved A Bill Saturday To Cap The Amount Landlords Can Increase Rent On Existing Tenants To No More Than 10% A Year, Sending It To Gov.
The new law prevents most landlords from raising rent by more than 10%.
Three Versions Of The Initiative Were Filed.
The allowable rent increase percentage for the previous year, 2023, was 14.6% if the increase was issued before july 6 th, or 10.0% if issued after july 6.
1, 2023, Landlords In Oregon May Legally Increase Rents By Up To 14.6%.
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The New Law Prevents Most Landlords From Raising Rent By More Than 10%.
In 2023, oregon's rent hike cap was set at 14.6%, a higher number than many expected, until kotek signed senate bill 611 into law on july 6.
Oregon Lawmakers Approved A Bill Saturday To Cap The Amount Landlords Can Increase Rent On Existing Tenants To No More Than 10% A Year, Sending It To Gov.
Three versions of the initiative were filed.
Note That Given Inflation Has Been High In Recent Years, The New 10% Cap Applies To.