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Portland, Ore., city council members want to put a stop to landlords sticking renters with higher rents.<\/p>\n
Last week, City Council members approved a \u201crelocation assistance\u201d bill that is raising eyebrows of landlords across the country. Here\u2019s what the new bill does: If a landlord raises the rent by more than 10 percent of a renter — and doing so would force the renter to have to move — the landlord will have to pay the tenant between $2,900 to $4,500 in moving fees. The amount they pay the renter is dependent on the size of the original lease. Council members say that amount would be sufficient then to not only cover average moving costs but also the first and last months\u2019 rent and a security deposit.<\/p>\n
\nRead more<\/strong>: Make a Perfect Match With Automated Renter Screening<\/span><\/a><\/p>\n<\/blockquote>\n
City Council members say the new law is to help prevent renters getting stuck with higher rental costs that force them to move out. Council members say currently 1,800 Portland residents are homeless and unable to find affordable housing<\/a>.<\/p>\n
\u201cThis notion could spread, especially to more progressive cities,\u201d says\u00a0Michael Vraa, a tenant advocacy attorney at\u00a0Home Line<\/a> in Minneapolis. \u201cThe vast majority of cities and states do not have rent control, and there is no legal limit on how much landlords can raise\u00a0rent. In other words, one year your rent could be $2,000 \u2026 the next, $3,000.\u201d<\/p>\n
Portland\u2019s ordinance is temporary and will expire once city officials declare the city\u2019s \u201chousing emergency\u201d over.<\/p>\n
Meanwhile, Portland building owners are threatening to sue the city council. They say the law will bankrupt small landlords who are raising costs to maintain their properties.<\/p>\n
\u201cWhat if heating costs rise? What if the property needed a new roof? What if property insurance has risen? Does the landlord\u00a0eat these costs or is it only fair that the cost is shared?\u201d asks\u00a0Denise Supplee, a real estate<\/a> professional, investor, and co-founder of SparkRental<\/a>.\u00a0\u201cIt makes me mad that too often the landlord is vilified, when they are ordinary folks trying to make a living. I have seen my share of ridiculously tenant-friendly laws that can quickly put a landlord out of business, however this Portland one tops the list.\u201d<\/p>\n
Source: \u201cNew Law Keeps Landlords From Hiking the Rent, and You\u2019ll Never Guess How<\/a>,\u201d realtor<\/a>.com\u00ae (Feb. 8, 2017)<\/em><\/p>\n<\/div>\n
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