New Portland Ordinance!

[Zach Davis]

The Portland City council voted Thursday afternoon (2/2/17) on an addition to the housing state of emergency ordinance passed in 2015. Ordinance states that if a tenant decides to move after being given a rent increase over 10% in a year that landlord is required to pay pre-set (thousands) moving costs. This is in addition to the requirement of a 90 day notice for rent increases over 5%. The landlord will also have to pay, within 14 days, the same moving costs if the tenant has been issued a 90 day no-cause. This is apparently retro active meaning those like myself that have a 90 day no-cause or 10%+ rent increase pending are on the hook for the move out costs even though the notices were issued before the ordinance was voted in... 

Anyone here have any more info on this? My lawyer is researching the ordinance and I know there have been several threats of litigation to block it, but I haven't heard anything concrete as of yet. Any info anyone here has would be greatly appreciated.

Link to ordinance as proposed

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@Zach Davis https://www.biggerpockets.com/forums/52-rental-property-questions-landlording-issues/topics/406817-portland-or-landlords----please-take-note?page=1