Portland Courant

On July 6, 2023, Governor Tina Kotek signed Senate Bill 611 (SB 611) which makes key changes to the how the maximum allowable annual rent increases percentage is calculated for residential tenancies.

Important requirements and changes made by SB 611 include, in part:

SB 611 states that the maximum allowable annual rent increase percentage is calculated as the lesser of:

1. Ten percent; or
2. Seven percent plus the September annual 12-month average change in the Consumer Price Index for All Urban Customers

SB 611 also clarifies that during any tenancy, other than week-to-week, the landlord may not increase the rent more than once during any 12-month period.

SB 611 takes effect immediately, applying to all notices of rent increase delivered on or after July 6, 2023.

Housing providers and tenants with questions about how SB 611 applies to a specific situation should consult a legal professional.

Original source can be found here