Oregon Rent Increase Cap 2024. January 9, 2024 by jessica menefee. Oregon landlords can raise rent up to 10% in 2024.
Furthermore, state law prohibits local governments. Ontario rent increases landlords can raise rent 2.5 in 2023 under new, the maximum rent increase that will be allowed in oregon in 2024 will be 10%.
Passed In February Of 2019, Sb 608 Set The Maximum Rent Increase Formula To Be 7% Plus The West Coast Consumer Price Index, Which Changes Every Year.
Oregon’s rent control law as first approved in 2019 capped rent hikes at.
A Landlord That Increases Rent In Violation Of Subsection (3) (C) Or (6) Of This Section Is Liable To The Tenant In An Amount Equal To Three Months’ Rent Plus Actual Damages Suffered By The Tenant.
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.
For 2020, The Maximum Rent Increase Is 9.9%.
Images References :
The Maximum Rent Percentage Hike Of 10% Matches The Highest Rate Allowed Under A New Law Signed By Oregon Gov.
Tina kotek for final approval.
The Allowable Annual Rent Increase In 2024 Is 10.0%.
Does oregon have rent control laws?
Furthermore, State Law Prohibits Local Governments.