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OR SB496
Bill
Status
Failed
6/27/2025
Primary Sponsor
David Smith
Click for details
AI Summary
- Repeals ORS 90.324, which establishes the maximum allowable annual rent increase percentage for residential properties in Oregon
- Removes the rent cap that currently limits increases to 7% plus the Consumer Price Index for tenancies beyond the first year
- Eliminates the exemption provisions for newer buildings (less than 15 years old) and government-regulated affordable housing, as these become unnecessary without the cap
- Removes landlord liability of three months' rent plus actual damages for violations of rent increase limits
- Applies to rent increases for which notice is given on or after the effective date of the Act
Legislative Description
Relating to rent increase limits.
Last Action
In committee upon adjournment.
6/27/2025
Committee Referrals
Housing and Development1/17/2025
Full Bill Text
No bill text available