What is the maximum security deposit a landlord can collect in Oregon?

In Oregon, the maximum security deposit a landlord can collect is two months’ rent. This is a protective measure designed to ensure that tenants are not overburdened when moving into a rental property. By limiting the security deposit to two months’ rent, it provides a fair and reasonable expectation for tenants regarding what they need to provide up front while also allowing landlords to safeguard against potential damages or unpaid rent.

Understanding these regulations is crucial for both landlords and tenants. It helps landlords establish clear guidelines for financial expectations and assists tenants in budgeting for their move into a rental property. In Oregon, any amount collected beyond this established limit would not comply with state regulations, underscoring the importance of familiarity with local laws related to property management.