Property Management
Oregon's 2019 statewide rent stabilization law (SB 608) limits annual rent increases for most units to:
A3% per year
B5% per year
C7% per year plus the consumer price index (CPI) — capped at a maximum percentage✓ Correct
D10% per year
Explanation
Oregon's SB 608 (2019) was the first statewide rent stabilization law in the US. It limits annual rent increases to 7% plus the consumer price index (CPI), with certain caps. The law applies to units more than 15 years old. New construction (certificates of occupancy within last 15 years) is exempt. Exempt are also single-family rentals and certain manufactured dwellings. It also enacted just cause eviction requirements for month-to-month tenancies.
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