As a landlord in Portland, navigating the rental market can be both rewarding and challenging. Here are three essential things to know about Local Rental Laws and Regulations:
- Notice Periods: Tenants are entitled to substantial notice periods for rent increases and lease terminations. For example, you typically need to provide 90 days’ notice for a rent increase. Tenants are also provided a minimum of 10-days notice for non-payment of rent, a notice that can be issued no earlier than the 8th of the month.
- Security Deposits: The city has specific rules on how to handle security deposits, including how much a tenant can be charged, their timeline for paying deposits, timelines for returning them and itemizing any deductions. Utilize the City of Portland Guide to Security Deposits for more information.
- Relocation Assistance: In certain situations, landlords must provide financial relocation assistance to tenants when a lease is terminated without cause. Landlords can apply for relocation exemptions but it’s important to do so before signing a lease with a new tenant. For details on Portland’s Relocation Assistance and landlord exemptions visit the Portland Housing Bureau’s website.
- Rental Registration: Landlords are required to register their rental properties with the Portland Housing Bureau. This helps the city track rental properties and ensures compliance with local laws. Use this link to learn more about registering your rental property.
- Tenant Screening Criteria Disclosure: Landlords must provide written notice of their tenant screening criteria and the process they use to evaluate applications to all potential applicants before they apply for the rental property. This ensures transparency and fairness in the selection process. Use this link to access more details on Portland FAIR – Applications & Screening rules.
Living Room Property Management specializes in long-term, residential rentals: single-family homes, 2-4 unit plexs, privately owned condos and ADUs. Are you interested in learning more about Living Room’s property management services? Click here to request a rental quote and schedule a time to connect.
