Oregon Maximum Rent Increase 2024. The maximum rent increase that will be allowed in oregon in 2024 will be 10%. A 2019 law capped rent increases at 7% plus inflation, but high inflation in 2022 meant tenants received rent hikes as high as 14.6% this year.
Maximum rent increase 90.324 calculation of maximum rent increase 90.325 tenant duties 90.340 occupancy of premises as dwelling unit only 90.360 effect of landlord noncompliance. But hikes of up to 14.6% are still valid.
Oregon Landlords Will Be Able To Raise Rent A Maximum Of 10% In 2024, A Cap Reined In By A New State Law.
Three versions of the initiative were filed.
Landlords In Oregon Can Raise Rent Up To 10% In 2024.
The new law added a 10% cap.
Past Coverage | Annual Maximum Rent Increase Jumps 14.6% In 2023;
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Currently, The Maximum Rent Increase For 2023 Is 14.6%.
Oregon’s rent control law as first approved in 2019 capped rent.
Yes, Oregon's New 10% Rent Hike Limit Is Already In Effect — But It's Not Retroactive.
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.
