Bill > SB496

This bill eliminates existing rent increase limits in Oregon for residential tenancies. Specifically, the bill removes previous restrictions that capped rent increases by a specific percentage (previously calculated under ORS 90.324) and eliminates exceptions for new or affordable housing units. Under the new law, landlords would still be required to provide advance notice of rent increases (seven days for week-to-week tenancies and 90 days for longer-term tenancies) and would be limited to increasing rent only once per 12-month period. The bill also repeals ORS 90.324, which previously established the maximum allowable rent increase percentage. The amendments will apply to rent increases for which notice is given on or after the effective date of the 2025 Act, effectively giving landlords more flexibility in setting rental rates without being constrained by previous percentage limits. This change could potentially impact tenants by removing protections against significant rent hikes, while providing landlords with greater discretion in setting rental prices.

Housing and Urban Affairs

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SB496