Blog ADU Oregon Announces Max Rent increase For 2022

Oregon Announces Max Rent increase For 2022

By Mel Dorman, September 23, 2021

 Oregon became the first state to establish state-wide rent control in 2019. Senate Bill 608 –
The Oregon Residential Landlord Tenant Act, passed in Feb 2019,caps the allowable rent increase each year to 7% plus the West Coast Consumer Price Index.
The maximum rent increase rate for 2022 was announced Sept 15 and will be 9.9%.
In 2021, the maximum increase was 9.2%.
Landlords who exceed the maximum rent increase can face a penalty of 3 months’ rent and actual damages sustained by the tenant, in addition to potential attorney fees and legal costs. Limited exceptions apply, such as in the case of affordable housing providers and for new construction. Those who believe they may be exempt should consult with an attorney.

 

Mel Dorman

Broker | OR & WA

She/They

Ten years ago, Melissa was living in a slum in Kolkata, India, helping over 200 women escape sex trafficking by providing alternative work at a social business...
Read More
  • T: 503-567-4697
  • melissa@livingroomre.com

You might also enjoy

The Top 5 Mistakes to Avoid When House Hunting in Portland

Will Sing

Embarking on a house-hunting journey can be as daunting as it is exciting. With the Portland...

Just Listed! Easy-Living in Pier Park!

Gavynn Wells

 9709 N. Jersey St. Portland, Oregon, 97203 This St. Johns gem is full of thoughtful updates...

JUST LISTED- Exquisite Custom Craftsman Resort Home in Dunthorpe!

Yonette Fine

 $4,500,000 Exquisite Custom Craftsman Resort Home in Dunthorpe. Step into a masterfully crafted sanctuary inspired by...

Is the Portland Housing Market Cooling?

Jessica LeDoux

Is the Portland real estate market showing signs of cooling after a hot streak?   Portland’s...