ORHA Update RE: Notice of Rent Increase – Oregon SB 611
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**ORHA Forms Update**
Oregon SB 611
Dear ORHA Members,
Under the provisions of Oregon SB 611 - and effective immediately - rent increase limits are in effect. Please refer to the previous eblast from our Legislative Team for the details and read the bill.
This law change does not limit the usefulness of our existing Notice of Rent Increase – ORHA form #O1, Portland Notice of Rent Increase – ORHA form #01PD, or Notice of Lease Renewal – ORHA form #O3.
Updates are in progress to all three of these forms to describe the new limits, but in the meantime, you may continue to use the existing forms as long as you don’t exceed the 10% maximum.
And remember, newer properties are exempt from Oregon’s rent cap. If the Certificate of Occupancy for your unit was issued within 15 years of your notice to increase rent, you are only limited by the market.
To view the details and other provisions in this bill (along with the history and upcoming meeting schedule), go to https://olis.oregonlegislature.gov/liz/2023R1/Measures/Overview/SB611.
ORHA appreciates your participation during this legislative season – Please contact the member helpline for your local association with any questions that you may have. If you do not know the contact information for your local association, you can view the information by clicking HERE. |
Thank you,
Tia Politi, ORHA Forms Committee Chair
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SB611 Date: 6/28/2023
This bill has passed both houses of the Oregon Legislature but has not yet been signed by the governor. She should be signing it within days.
It will take effect when she signs the bill but it does not apply to increase notices that have already been sent out.
SECTION 6. The amendments to ORS 90.323, 90.324 and 90.600 by sections 3 to 5 of this 2023 Act apply to rent increase notices given on or after the effective date of this 2023 Act.
This bill will limit increases to 7% plus CPI but not more than 10%. So, after bill is signed, you will be limited to 10% for rest of 2023.
IMPORTANT LINKS:
FINANCIAL HELP FOR TENANTS:
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PLEASE DONATE NOW: Oregon Rental Housing Key PAC
click here: ORH Key PAC