Return to tenant (§ 90.300 (13)): The landlord must return the deposit no later than thirty-one (31) days after the end of the tenancy and the tenant hands over possession of the rent to the landlord. If a monthly rental premium is paid after the expiry of the permitted grace period, a late fee may be charged if this is expressly specified in the rental agreement. The calculated amount must be classified as “reasonable,” which is determined as the typical amount charged by a landlord in the market area. Thereafter, if a late fee is associated with a fee per day, it cannot exceed 6% of the initial late fee. In the case of charges that correspond to a five-day schedule according to the initial default fee, the tracking fee cannot exceed 5% of the total rental amount (§ 90.260). Standard Residential Lease – The most common type of lease with an exact start and end date. For most homes and usually lasts one (1) year. The Oregon Residential Lease Agreement (“Lease”) is a written agreement to exchange the temporary use of residential property for regular and periodic payments (“rent”). The parties to the Agreement are known as landlords (“Owners”) and tenants (“Tenants”). Common incidental costs (§ 90.315) – If the tenant is responsible for the ancillary costs intended for the common elements or the owner, this must be indicated in the rental agreement. For housing units located in floodplains, Oregon landlords are required to inform tenants in the lease of the flood risk they are exposed to.
Such disclosure should continue to be provided for units above the floodplain. Non-urgent (§ 90.322 (b)): To access the property in non-urgent situations, the landlord must inform the tenant at least twenty-four (24) hours of his intention to enter, unless otherwise agreed between the landlord and the tenant. Owners can only enter at reasonable times. When is the rent due? In the State of Oregon, rent is payable without any claim or notice at the time and place agreed to by the parties in the lease. And unless otherwise stated, the rent is due at the beginning of a period of one month or even less. The document indicates the amount of rent that the tenant must pay monthly and the amount of the deposit and all other planned costs. Each rental agreement usually includes the owner`s rules for parking vehicles, rules for pets and visitors, rules for common areas, as well as other rules for the premises for which they are responsible. Tenants should read each standard lease carefully to make sure they fully understand the terms of what they are signing. If tenants are unsure of what they are reading in the document, they should seek the advice of a competent lawyer.
Colocation Agreement – Customizes a lease that will be used with a person who will live in a home with shared and private spaces. The Oregon Standard Residential Lease is the most common lease that lasts one (1) year, with monthly rent payments by the tenant. Landlords are encouraged to review tenants with the rental application before signing any type of agreement. The information collected as part of the application helps the landlord determine whether a long-term lease is right for the applicant. As with other leases, a down payment may be charged before a lease is officially approved. Oregon leases are used for tenants who wish to rent space to the owner of residential or commercial properties. The tenant must make regular payments to the landlord in exchange for the use of the rented space (usually the first of each month). Before signing a contract, the landlord can request the tenant`s personal information to conduct a background check and determine if they can afford the rent payments. Access to the property should only be granted after both parties have agreed on the rental agreement and signed the lease.
If the landlord requires a deposit, the transfer must be made before the start of the rental period. The grace period respected by the government for late payment of rent is acceptable up to four (4) days after the due date. .