What is the required notice period for a landlord to increase rent by more than 10% in Oregon?

In Oregon, the law requires that landlords provide at least 90 days' notice when they intend to increase rent by more than 10%. This policy is in place to provide tenants with adequate time to prepare for the financial change, ensuring that they can make informed decisions about their living situation.

The requirement for a 90-day notice period is particularly important in maintaining landlord-tenant relationships, as it demonstrates a level of respect for the tenant's circumstances and can help to mitigate disputes that may arise from unexpected rent hikes. This regulation reflects the state's approach to tenant protection and affordability in the housing market. Understanding this law can aid both landlords and tenants in navigating their rights and responsibilities in rental agreements.