The fee may not exceed one and one-half times the monthly rent. Your landlord may charge a fee if you abandon your home during a fixed-term lease without cause. If you have only a verbal rental agreement with your landlord, the landlord may not charge you any fees. A landlord may only charge fees if those fees are specifically allowed by Oregon law and if those fees are described in a written rental agreement. ![]() Unlike deposits, fees are amounts of money paid to a landlord that will not be returned. A landlord who does not follow the rules for “hold” deposits is liable to the tenant or applicant for $150 plus the deposit charged. If the landlord does not make the rental available due to his or her failure to comply with the written statement, the landlord has four days in which to allow you to collect the deposit or to mail it to you. If you do not move in due to your failure to comply with the written statement, the landlord may keep the money. If you move into the unit, the landlord must either apply this deposit to the rent or refund it immediately to you. To charge this deposit, the landlord must give you a written statement describing the conditions for holding or refunding the deposit. This kind of deposit provides the landlord with some security if you decide not to move in. If your landlord wrongfully keeps part or all of the money, you have up to one year to settle the matter or file a lawsuit for up to twice the amount of the money your landlord kept.Ī landlord who has agreed to rent to you may ask for a “hold” deposit under some circumstances. This notice, which is also called an accounting, along with any portion of your deposit that is being refunded, must be personally delivered or mailed within 31 days. If your landlord keeps any part of your deposit, he or she must notify you in writing and tell you why. (Note that both conditions must be satisfied before the 31-day clock starts ticking). Your landlord must return your deposit within 31 days after the termination of the tenancy and the delivery of the rental unit to the landlord. Without such a modification to the lease, if your landlord requires you to pay an additional security deposit after you have been in the rental premises for a year or more, you have at least three months to pay the increase. For example, if you want a pet and your landlord agrees to let you have a pet in the unit, he or she has the right to increase your deposit. If your landlord wrongfully keeps part or all of the money, you have up to one year to settle the matter or file a lawsuit for up to twice the amount of the money your landlord kept.Ĭan the landlord increase the amount of my deposit?ĭuring the first year of the tenancy, your landlord may not require you to pay a new or increased security deposit unless you and the landlord agree to modify the terms of the lease in that case the additional security deposit must relate to that modification. Your landlord may not apply prepaid rent towards anything other than unpaid rent. Your landlord must give you the balance of your prepaid rent - and a written explanation of what was kept and why - within 31 days after the termination of the tenancy and the delivery of the rental unit to the landlord. If you move out owing rent, however, your landlord may take the rest of what you owe in rent from your prepaid rent. If you pay your landlord a last month's rent deposit, you may apply that prepaid rent to your last month in the unit. ![]() It is often referred to as the “last month's rent.” Prepaid rent is any payment required by the landlord for a monthly or weekly rent obligation that is not yet due. Many landlords also require tenants to prepay money for their last month of rent. Photographs and witnesses can be helpful in settling disputes later on. You should carefully inspect and document the condition of the rental unit before moving in, and again before moving out. Your landlord does not have to pay you the interest earned on your security deposit. A landlord is required to provide a tenant with a receipt for the security deposit. In Oregon there is no minimum or maximum amount your landlord can charge for the security deposit. Your landlord cannot charge you for normal wear and tear. Security deposits protect the landlord if the tenant fails to pay the rent or causes damage to the rental premises beyond ordinary wear and tear. The most common deposit a landlord may require is a security deposit. Deposits are amounts of money that a tenant gives to the landlord with the understanding that the money will be returned at the end of the tenancy, as long as the tenant has paid the landlord all the money the tenant owes, and the tenant has not caused damage to the home.
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