New legislative changes in Portland reflect a commitment to housing affordability and tenant rights. Landlords have been advised to familiarize themselves with these new regulations to ensure compliance with the increased tenant protections.  Instead, some of them are calling us, investment Realtors in Idaho who can help them 1031 into a more Landlord-friendly market with stronger property rights. 

Some critical elements of the new laws in Portland; 

1. Rent Control: Oregon, including Portland, has implemented rent control measures, which limit how much landlords can increase rent annually.
2. Tenant Relocation Assistance: This requires landlords to pay relocation assistance in certain situations, such as significant rent increases or no-cause evictions.
3. Extended Notice Periods: Portland has extended the notice period that landlords must provide tenants for no-cause evictions or non-renewal of lease agreements.
4. Screening and Security Deposit Regulations: There are stricter regulations on how landlords can screen tenants and handle security deposits.