Property Management
An Oregon property manager collects a pet deposit separately from the security deposit. Under Oregon law:
APet deposits are illegal — only one security deposit is permitted
BPet deposits are treated as additional security deposits and are subject to the same accounting and return requirements✓ Correct
CPet deposits are non-refundable and need not be itemized
DPet deposits must be held in a separate bank account
Explanation
Oregon's ORLTA treats all deposits (security deposit, pet deposit, last month's rent prepayment) as part of the overall security deposit for accounting purposes. Landlords must account for and return deposit funds within 31 days with an itemized statement of deductions.
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