As a multifamily property owner, know the law regarding no-cause convictions under the new Oregon Senate Bill 608. Real estate and property management attorney Brian Cox discusses the exceptions to the new law and everything you need to know. Empower yourself so you can manage your multifamily properties.
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Under the new law you can still ask certain folks to leave under certain situations. You can move folks out under certain situations by giving them a no-cause notice and paying them a month’s rent. This applies if you own four or fewer units, and it means any kind of ownership interest. So if you have an LLC, and you and I have one LLC, and we have a unit. You and I have one LLC, we have a unit. Steve and I have an LLC. Those all count, because we have each have an ownership interest in them. But if we have four or fewer, we don’t have to pay these folks to move. This means that the mom and pop owners still get to save a little bit of their money.
Anybody who is on a fixed term lease that started before February 28 can still be given a no-cause eviction notice 30 days before the end of that term, even though that is going to be next January. Because they fall within a law. For the people who are on month-to-month tenancies had to be given notice on or before February 28th, and the notice needs to expire on March 30, because that’s 30 days later. Further, when you mailed the notice, you had to have three days, so you better have done that on the 25th not the 28th.
If you need a real estate attorney, contact Brian Cox.
If you want to learn more about the impact of Oregon Senate Bill 608, visit Pacwest Commercial Real Estate’s Oregon Rent Control Central for the latest information.
Disclaimer
Due to the complex nature of these changes, Landlords should contact an attorney with any questions or clarification of Oregon Rent Control SB 608.
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