WebLandlords across Oregon may jack up rents as much as 9.9% in 2024, ... "The current bout of inflation will mostly be reflected in the 2024 maximum allowable rent increase," said Lehner. Web13 sep. 2024 · Oregon Maximum Rent Increase 2024: 14.6%. What you need to know: The allowable rent increase for the 2024 calendar year is 14.6%. Oregon’s maximum allowable rent increase is calculated as 7% plus the West Region Consumer Price Index.

Annual Rent Increase for 3/1/23 - 2/29/24 Announced

Web20 sep. 2024 · Combined, they result in inflation of 2.9%, making the maximum allowable rent increase in 2024 9.9%. As such, this also means that the current bout of inflation will mostly be reflected in the 2024 maximum allowable rent increase which our office will announce a year from now. WebAs allowed by the Act, a Landlord may not increase a Tenant's Rent or Associated Housing Costs by 5 percent or more over a rolling 12-month period unless the Landlord gives notice in writing (the “Increase Notice”) to each affected Tenant: (a) at least 90 days prior to the effective date of the Rent increase; or (b) the time period designated in … hannay smith equation

Oregon Maximum Rent Increase 2024: 9.9%

Web14 sep. 2024 · PORTLAND, Ore. — Residential landlords are allowed to raise rents by up to 14.6% in 2024, the highest rate yet since Oregon instituted statewide rent control three years ago. It's a far... Web13 sep. 2024 · The maximum rent increase applies to apartments and rental houses that have been around for 15 years or more. The Oregon Legislature imposed a statewide … Web10 aug. 2024 · An Oregon landlord may not increase rent above 7% plus the consumer price index (CPI) annually. This legislation also makes it illegal for an Oregon landlord to … hannay solicitors south shields