Property Management
Under ORLTA, may a landlord prohibit a tenant from subletting the rental unit?
ANo — subletting cannot be restricted under Oregon law
BYes — a lease may prohibit subletting, and the tenant must obtain written landlord approval✓ Correct
CSubletting is automatically permitted after 6 months of tenancy
DOnly commercial tenants may sublet without permission
Explanation
Oregon landlords may include a clause in the lease agreement prohibiting subletting or requiring landlord written approval before subletting. This is a common lease provision.
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Key Terms to Know
Short Sale
A sale of real property where the sale proceeds are less than the outstanding mortgage balance, requiring lender approval.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
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