How long can a landlord retain a tenant's security deposit if there are deductions?

In Oregon, a landlord is required to return any remaining portion of a tenant's security deposit within 31 days after the tenant vacates the rental property if there are deductions taken from that deposit. This timeframe allows landlords to properly assess any damages that may have occurred and to account for necessary repairs or cleaning. It ensures that both landlords and tenants have clear guidelines regarding the retention of the security deposit, thus aiming for transparency and fairness in the process.

Prompt return of deposits, with a clear explanation of any deductions, promotes a good relationship between landlords and tenants and helps avoid potential disputes. This regulation is also in the interest of protecting tenants' rights, ensuring they are aware of what has happened to their security deposit in a timely manner.