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The terms management company and managing agent often lead to confusion. A management company typically oversees the operations of real estate properties, handling maintenance and tenant dealings. In contrast, a managing agent acts as a representative, focusing on specific tasks within that management, such as leasing or tenant relations. Understanding this difference is crucial when deciding whether to hire a management company vs managing agent.
Jain says, "The rent agreement must contain a clause that the tenant will not sublet, assign or otherwise part with the possession of the premises to any third party and that he will not use the property for any purpose contrary to law."
Oregon Rent Rules For week-to-week tenancies, landlords can raise the rent after giving seven days' written notice. For all other tenancies, landlords cannot raise rent within the first year of a tenancy. After the first year of a tenancy, landlords must give 90 days' written notice before raising the rent.
Under the new laws, renters have important rights that can help protect from eviction because of nonpayment of rent, fees, or other money owed to a landlord. These new rights include: Termination notices for nonpayment of rent must give at least 10 days for renters to pay the late rent and stay in their homes.
Yes, Microsoft Word has a free lease agreement template that you can customize to create your own contract and minimize any potential problems between tenant and landlord.
No, Oregon Lease Agreements do not need to be notarized. As long as the Lease is signed by both parties it's considered fully enforceable and legally binding.
Only one rent increase may be issued in any 12-month period. The allowable rent increase percentage for the previous year, 2023, was 14.6% if the increase was issued before July 6th, or 10.0% if issued after July 6.
Landlords subject to Oregon's rent control law can increase rents 10% in 2024, the Department of Administrative Services announced Tuesday. That's the maximum allowed under a new law passed this year that sought to prevent most double-digit rent increases in years of high inflation.
Under the new laws, renters have important rights that can help protect from eviction because of nonpayment of rent, fees, or other money owed to a landlord. These new rights include: Termination notices for nonpayment of rent must give at least 10 days for renters to pay the late rent and stay in their homes.