What is a "rental increase notice" in the context of Oregon law?

In the context of Oregon law, a rental increase notice is a written document that informs tenants about an upcoming increase in rent. This notice is essential as it provides the tenant with clear and definitive communication regarding changes to their rental costs, allowing them to prepare for any financial adjustments.

Oregon has specific regulations governing how and when landlords must notify tenants of rent increases; for instance, the notice must typically provide adequate time (such as 90 days) for the tenant to adjust to the change. This legal requirement is designed to protect tenants by ensuring they have sufficient notification before their rent is raised, thus allowing them to evaluate their options, including budgeting for increased costs or considering alternative housing if necessary. The formality of a written notice also ensures that there is a record of communication between the landlord and tenant, which is beneficial for both parties in the event of disputes.

Other choices do not accurately reflect the legal requirements or the nature of a rental increase notice under Oregon law. Verbal warnings do not provide the necessary formal documentation; a formal application to raise rent implies a process that is not how rental increases are communicated; and a document outlining previous rental prices would not serve the purpose of informing tenants about future increases.