Property Management

Under Oregon's Residential Landlord and Tenant Act (ORLTA), a landlord who receives a security deposit must:

APlace it in a separate escrow account and pay interest to the tenant
BAccount for it and return it within 31 days after the tenant vacates, with an itemized statement of deductions✓ Correct
CReturn it within 14 days or forfeit double the amount
DFile it with the Oregon Real Estate Agency

Explanation

Under ORLTA (ORS 90.300), landlords must return a tenant's security deposit within 31 days after the tenancy ends (or after receiving the tenant's forwarding address, whichever is later).

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