Legal Question in Real Estate Law in Oregon
Rent
In July of 2008 my rent was increased by $50 I just recieved a notice that my rent would be going up $50 more in Jan--name removed--There have been no improvements made to my apartment since I moved in 15 years ago--name removed--Can they continue to increase my rent?
2 Answers from Attorneys
Re: Rent
Yes, the landlord can continue to raise the rent. In Oregon there are no limits that limit rent increases.
Re: Rent
Susan is right, unless you have a lease or contract with the landlord which specifies your rent for a stated period.
Now, you could contact your landlord and say, "I will stay and pay the higher rent only if you give me a lease for 5 years at a monthly rent that does not increase." See what happens. You might be able to stabilize your rent for a few years.
Note that, thanks to the coming severe recession, rents might actually go down. So don't agree to a lease that specifies the rent for 5 years. Agree to a lease that specifies that the stated rent will not increase (but can decrease).
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