Kptv
Oregon maximum rent increase for 2025 set at 10%
C.Garcia29 min ago
SALEM, Ore. (KPTV) - Landlords will be allowed to increase rent by at least 10% in 2025, the Oregon Department of Administrative Services (DAS) announced on Monday. DAS says the allowable rent increase percentage for the 2025 calendar year is 10%. The cap applies to rental units that are 15 years and older. The cap on rent increase has held between 9% and 10% since 2019, except for in 2023. From January to July of that year, the maximum was set at about 15%. It was forced up then due to inflation, which was a result of landlords not being able to raise rent during the pandemic. SEE ALSO: That same year, Governor Tina Kotek signed a bill into law which set a state mandated limit of 10% for rent increases. Though the cap on rent increases has hovered around 10% since 2019, because of inflation and everything being more expensive, it's safe to say many renters will be hoping their landlords will not seek the maximum increase come next year.
Read the full article:https://www.kptv.com/2024/09/24/oregon-maximum-rent-increase-2025-set-10/
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