2024 Rent Increase Oregon. 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. The annual rent increase cap for oregon in 2024 is 10%.
The maximum rent increase that will be allowed in oregon in 2024 will be 10%. The allowable rent increase percentage for the previous year, 2023, was 14.6% if the increase was issued before july 6, or 10.0% if issued after july 6.
Senate Bill 611, Which Cleared The.
* per sb 611 (2023) the maximum allowable increase in 2023 was 14.6% if the increases was issued before july 6th, if issued after july 6th the maximum allowable increase is.
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.
Oregon landlords will be able to raise rent a maximum of 10% in 2024, a cap reined in by a new state law.
Oregon’s Rent Control Law As First Approved In 2019 Capped.
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This Process Is For Properties Requesting Greater Than Five Percent (≫5%) On Existing Tenant Rent On Any Funding/Unit Type And Can Include A Bifurcation Of Rents For New Residents.
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.
The Maximum Rent Increase That Will Be Allowed In Oregon In 2024 Will Be 10%.
Beginning january 1, 2024, rent increases going into effect for oregon residents may not exceed 10%.
Note That Given Inflation Has Been High In Recent Years, The New 10% Cap Applies To 2024.