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Rent hikes capped at 10.3 percent

Thursday, March 14, 2019

A statewide rent-control bill, which was passed by the legislature a week ago, limits the amount landlords can raise tenant rent.

The Oregon Department of Administrative Services’ Office of Economic Analysis calculated the percentage of increase allowed this year as 10.3 percent.

Senate Bill 608 requires the agency to calculate and post to its website by Sept. 30 of each year, the maximum annual rent increase allowed by statute for the following calendar year.

Because the bill has taken effect, it was necessary to calculate the percentage for the current calendar year.

The increase is calculated as 7 percent plus the Consumer Price Index as most recently published by the Bureau of Labor Statistics.

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