Landlord Question and Answer Forum

What is a reasonable amount for a security deposit for a home, that I will be renting for $625.00 month in Oregon. Also, what is the legal amount I can charge?

There are some new security deposit regulations for the state of Oregon. There is no limit to the maximum amount a landlord may collect for the security deposit but overall an amount equal to one months rent seems to be typical. New Changes: Effective 1/1/10: A landlord must now supply a receipt for any security deposit paid by the tenant. A landlord may not charge a pet security deposit for housing a service animal or companion animal required for tenants with disabilities. Before the landlord enters into a new rental agreement with an applicant or accepts any payment from an applicant, the landlord shall provide the applicant with a written list of all deposits, fees and rent that are required by the landlord. The landlord &applicant may agree to amend the written list before entering into the rental agreement. The list may be included in the written rental agreement. The written rental agreement must, at a minimum, include a description of the fees that the landlord may charge.

Posted by Denise S, PA on Thursday, January 21, 2010

Thank you so much!

Posted by Mary T, NC on Thursday, January 21, 2010