The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
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Thursday, September 17, 2020
Portland City Council Approves Expanding Relocation Fee Ordinance to Cover Any Rent Increase
The Portland City Council voted unanimously Wednesday on a measure to expand the existing relocation fee ordinance to cover any rent increase. Previously, property owners were only required to pay the fee if a tenant chose to move after a rent increase of at least 10%. The new rule is effective immediately and applies to any rent increase that is scheduled to go into effect between now and March 31, 2021. Tenants must provide written notice that they are unable to pay the new rent within 45 days of receiving notice of a rent increase. Read more.
Labels:
#citycouncil,
#cityofportland,
#multifamily,
#Portland,
#relocationfee,
#rent
Location: Portland, Ore.
Portland, OR, USA
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