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This bill prohibits landlord from terminating month-to-month tenancy without cause after 12 months of occupancy and caps the growth of rent at 7%.
Personal Choice and Responsibility
Rent control is kind of like trade protectionism. Imposes rent controls that inevitably lead to fewer housing choices.
The actual intention of this bill is to avoid having an impact, which maybe why such a high cap was chosen.
The bill will further aggravate Oregon’s current housing shortage by dissuading more landlords from entering such arrangements, causing further shortages OR cause landlords to neglect maintenance. This will worsen the Oregon housing shortage, not improve it. Although the 7% plus inflation seems handleable, it sets a precedent and could be significantly constricting quickly should housing costs escalate.
This ends a state wide ban on cities and counties introducing rent control.
Government putting its thumb on free market. Rent control and restrictions on landlords’ ability to handle the tenant relationship distorts market forces. It introduces additional risks and costs to landlords encouraging them to exit the market, leaving fewer options to renter or under maintained premises.