OR SB586

Allows landlords to terminate a tenancy with 60 days' notice (instead of 90 days) when the dwelling unit is sold to a buyer who intends to occupy it as their primary residence, if the landlord pays the tenant two months' rent at the time of notice

Requires landlords terminating tenancies due to sale to provide written evidence of the purchase offer along with the termination notice

Removes the previous 120-day deadline for landlords to provide notice after accepting an offer to purchase

Updates the residential eviction complaint form to reflect the new 60-day notice option for sale-related terminations

Takes effect on the 91st day after the 2025 regular legislative session adjourns