Oregon will be first state ever mandating rent control—questions

[Todd Powell]

The Oregon House and Senate have now signed off on Oregon state wide rent control, and the bill awaits the governor signature so it’s a done deal. Any Oregon property owners or property managers know the status of leases moving forward

I do yearly leases with many student rentals and the new law says after 12 month leases they convert to month to months. Do I have any control over this to renew them again for another full year? It is very hard to rent to quality students mid year so this is why I ask ? I don’t mind the 7% yearly rent increase cap plus CPI, but I need to know how to protect myself with tenants gaining more control than myself. The bill takes away all 60 NO CAUSE evictions which I have done several times. It also states you can cannot discriminate against evictions older than 12 months and taking felons I heard. So, what is my legal recourse to protect my investments?

Can anyone shed light on this in Oregon fully understanding these soon to be laws ? Government is now taking over in Oregon! Thanks in advance for any help you can give.