In Oregon, what is the deadline by which a landlord must return a security deposit after a tenant vacates?

In Oregon, the law requires that a landlord must return a tenant's security deposit within 31 days after the tenant vacates the rental property. This timeframe is established to ensure that tenants receive their deposits in a timely manner, allowing them to manage their finances after moving out. The security deposit may be withheld to cover any damages beyond normal wear and tear, unpaid rent, or other charges specified in the rental agreement, but the landlord must provide an itemized list of any deductions made from the deposit if they exceed a specific amount.

Returning the deposit within 31 days helps maintain a fair rental practice and provides tenants with clarity regarding the status of their security deposit. Understanding this deadline is crucial for both landlords and tenants to ensure compliance with the regulations set forth in Oregon's landlord-tenant laws. This prompt return policy also promotes good landlord-tenant relationships and helps prevent disputes over withheld funds.