For rent?

The Oregon Department of Administrative Services last week published the annual maximum rent increase allowed by statute for calendar year 2021. The DAS Office of Economic Analysis has calculated the maximum percentage as 9.2 percent.

Following the passage of SB 608 in the 2019 legislative session, Oregon law requires DAS to calculate and post to its website, by Sept. 30 of each year, the maximum annual rent increase percentage allowed by statute for the following calendar year. Per statute, OEA calculates this amount as 7 percent plus the Consumer Price Index for All Urban Consumers, West Region (All Items), as most recently published by the Bureau of Labor Statistics.

The allowable rent increase percentage for the 2021 calendar year is 9.2 percent. DAS will calculate and post the percentage for the 2022 calendar year by Sept. 30, 2021.

Information about the maximum annual rent increase percentage, as well as the provisions of ORS 90.323 and 90.600 (statutes governing rent increases), can be found on the OEA website.

For information on the new law, please see the full text of SB 608 at the link below. DAS does not provide legal advice regarding other provisions of SB 608.

Full text of SB608:

https://olis.leg.state.or.us/liz/2019R1/Downloads/MeasureDocument/SB608/Enrolled

0
0
0
0
0

Online Poll

Who has your vote for President?

You voted:

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.