Medium term lease agreement.

[Corey Hanson]

I'm curious if anyone in Oregon is offering medium term rentals and if they have a lease agreement for this type of rental in Oregon, or does anyone have an attorney they would recommend to draft this type of agreement.  

[Melissa Hartvigsen]

Quote from @Corey Hanson:

I'm curious if anyone in Oregon is offering medium term rentals and if they have a lease agreement for this type of rental in Oregon, or does anyone have an attorney they would recommend to draft this type of agreement.  

Hi Corey,

I rent to travel nurses in the Portland metro area, and have been doing so for over 3 years. Most stay anywhere from 3-6 months, but once in a while I get a 30 to 45 day stay. I use a standard rental agreement. How to show the rent on the monthly amount using a 45 days I suggest:
1. In the monthly portion list the monthly rent you are collecting.
2. In the special provisions section, you can write: "Rent for the full 45 day terms is $x".
Using $2,000 a month, this would read "Rent for the full 45 day term is $3,000".

Be cautious about the advice to use the Bigger Pockets Lease package. It is not compliant or up to date with all of our local laws. I buy mine from Multifamily NW (they have digital signing built in, and after the initial fee the annual subscription for unlimited use of the forms is under $50 for 5 or fewer units).

You might also consider getting your lease from the local landlord association. In central Oregon you may have different rules than I am used to. https://www.centraloregonrentalowners.org/

All Oregon rental agreements are required by law to have the provision that they convert month-to-month automatically at the end of the term. The way I deal with this when someone is booking is to include a "notice to vacate" along with their lease so you don't lose your right to evict in case they holdover possession.

You can send me a DM if you have more follow up questions.
Best wishes,
Melissa