This form is a tenant oriented office lease clause that states that the amount of the security deposit shall be reduced from 4 months' Base Rent to 3 months' Base Rent provided that certain lease conditions are met by the lessee.
Oregon Tenant Oriented Clause Providing for the Reduction of the Tenant Security Deposit
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US-OL4A012C
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How to fill out Tenant Oriented Clause Providing For The Reduction Of The Tenant Security Deposit?
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FAQ
Oregon Revised Statutes (ORS) are laws enacted by the legislature to provide policy, mandates and permissive laws.
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 Chapter 90 deals in the laws for all residential tenancies. There are two main sections. The first half of ORS Chapter 90 Landlord-Tenant laws (ORS 90.100 - 90.493) generally (with a few exceptions) covers all residential tenancies (apartments, park and marina residents, subleases, etc.).
?The gist of Oregon law 90.453 is that you can give your landlord a termination notice that says, 'Hey, I've been a victim of domestic violence, and I'm giving you my notice that in 14 days, that's going to be the end of my tenancy here, and I'm not going to have any further obligations to you in terms of being an ...
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.
ORS 90.453 ? Termination by tenant who is victim of domestic violence, sexual assault or stalking.
Reasons to Withhold a Tenant's Security Deposit Some of the scenarios may be: If the tenant defaults on unpaid rent or fails to pay rent. If the tenant causes damage beyond ordinary wear and tear. If the tenant fails in restoring the rental unit to a reasonable condition.
These terminations are allowed with a 90-day notice. Notices must state the reason for the notice and supporting facts. Landlords who have an ownership interest in 5 or more dwelling units must also pay a relocation fee of one month's rent along with the notice.
