What is the maximum amount a landlord can charge for a security deposit in Oregon?

In Oregon, the law stipulates that the maximum amount a landlord can charge for a security deposit is one month's rent. This regulation aims to provide tenants with a level of protection from excessive upfront costs associated with renting a property. By limiting the security deposit to one month's rent, the state ensures that tenants are not burdened with unaffordable financial requirements, which can hinder access to housing. This standard helps promote fair housing practices and encourages landlord accountability in the management of security deposits. Understanding these regulations is critical for both landlords and tenants, as it helps maintain a balanced rental market.