Oregon Clause Providing for the Periodic Increase in the Tenant Security to Reflect Increases in Base Rent

State:
Multi-State
Control #:
US-OL4A012A
Format:
Word; 
PDF
Instant download

Description

This office lease clause states that the amount of the security deposit shall be increased to reflect the increase in Base Rent. The Owner shall at all times have and maintain two full months' Base Rent as security.

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FAQ

Slandering, libel, or otherwise sharing false information or maligning a tenant. Threatening eviction when there are no legal grounds for the eviction. Issuing an eviction or 72 hour notice on false charges.

Notices to Terminate the Tenancy To end a month-to-month tenancy during the first year of the tenancy, you must give your tenant a 30-day written notice, unless the rental unit is in the city of Portland, where 90 days' notice and payment of relocation costs is required for no-cause terminations.

The ?qualifying landlord reasons? for termination are: 1. The landlord intends to demolish the dwelling unit within a reasonable time; 2. The landlord intends to convert the unit to a use other than residential use within a reasonable time; 3.

Index Lease - A type of graduated lease in which the periodic rent increase are tied to increases in the consumer price index, or some other economic indicator.

SB 608 limits the percentage in which a landlord may increase the cost of rent in any 12-month period. The limitation only applies if the dwelling unit has been certified for occupancy for 15 years or longer.

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.

In Oregon there is no minimum or maximum amount your landlord can charge for the security deposit. A landlord is required to provide a tenant with a receipt for the security deposit. Your landlord does not have to pay you the interest earned on your security deposit.

ORS 90.453 ? Termination by tenant who is victim of domestic violence, sexual assault or stalking.

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Oregon Clause Providing for the Periodic Increase in the Tenant Security to Reflect Increases in Base Rent