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2016 Law change affecting property managers / landlords

The short legislative session brought new changes to the property management industry. The following is not legal advice. For legal advice you are encouraged to seek an attorney that specializes in Property Management. Another alternative is to hire a professional property manager to manage your investment or property for you.

On March 15, 2016 Governor Kate Brown signed House Bill 4143 from the Short Legislative Session prohibiting property managers and landlords from increasing rent on a month to month tenancy during the first year. Also, property managers and landlords are required to give a 90-day notice prior to increasing rent on a month to month tenancy. Best practice is to abide by both of these laws effective immediately now.

If you don’t have the time to keep up on the ever changing laws and desire professional property management, contact Trio Property Management Inc. at 541.434.1900.