Senate Bill 608, Rent Control becomes law just as soon as it’s signed by the governor – some say as early as March 1
By Jeff Sorg, OnlineEd Blog
(February 27, 2019)
(PORTLAND, Ore.) OnlineEd -Senate Bill 608, Oregon’s sweeping rent control bill, becomes law just as soon as it’s signed by the governor – some say as early as March 1. The bill, passed by the Oregon House and Senate, among other things, eliminates no-cause evictions after the first year of occupancy and adds for-cause reasons to evict including a sale to someone who will move into the property, the landlord or landlord’s family member wants to live in the property, and removal of the property from residential use, provided the landlord gives the tenant a 90-day notice and pays the tenant’s relocation expenses in the amount of one month’s rent. Rents cannot be raised more than 7% plus the consumer price index (CPI) in 12 months. Landlords cannot increase rents in the first year for a month-to-month rental agreement and have to give a 90-day notice after that.
Because the bill has an emergency clause, it will become effective when signed by Oregon’s Governor Brown.
To read a summary and FAQ about the bill, please see the release by the Oregon Association of REALTORS®.
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Jeff Sorg is a co-founder of OnlineEd®, an online real estate, mortgage broker, and vocational school founded in 1997, where he also serves as Chief Executive Officer, and School Director. Sorg holds vocational and post-secondary school instructor licenses in several states and has authored numerous real estate continuing education and pre-licensing courses and has been awarded the International Distance Education Certification Center’s CDEi Designation for distance education. Memberships include ARELLO (Association of Real Estate License Law Officials), the National Association of REALTORS®, Oregon Association of REALTORS®, and Portland Metro Association of REALTORS®. Awards and service include REALTOR® Emeritus in the National Association, Life Member award in Portland Metro Association and Chairperson of the Oregon Real Estate Forms Committee.
OnlineEd® provides real estate, mortgage broker, insurance, and contractor pre-license, post-license, continuing education, career enhancement, and professional development and designation courses over the Internet.