Property Management
Under ORLTA, what is an 'early termination fee' for tenants?
AA fee the landlord charges for all evictions
BA fee specified in the rental agreement that a tenant pays when they terminate a fixed-term lease before its expiration✓ Correct
CA government-mandated fee applied to all lease terminations
DA fee charged by OREA when a property manager withdraws from management
Explanation
An early termination fee (or lease break fee) is a contractually specified amount a tenant pays to terminate a fixed-term lease before the end of the term. Under ORS 90.302, early termination fees are permitted in Oregon but must not exceed 1.5 months' rent. Some jurisdictions may have additional restrictions. This gives tenants flexibility while compensating landlords for re-renting costs.
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