Oregon Lease Agreement Template – Forbes Advisor


Published: Oct 31, 2023, 1:36pm

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When a landlord agrees to let another person or group use their property, it’s for the benefit of both parties—and sometimes a legal requirement—that they create an Oregon lease agreement.

This article outlines the requirements of a valid Oregon rental contract and how it can protect the rights of tenants and landlords. We also provide a free template that you can use as the basis of an Oregon lease. Enter your email address below to get our lease template, tailored to comply with Oregon law.

What Is a Lease Agreement?

A lease agreement is a contract between a landlord—the property owner—and a tenant (or tenants)—the person or people using the property.

The purpose of a lease is to spell out the rights and responsibilities of all parties. These typically include the landlord’s right to collect the agreed-upon rent, for example, and their duties to repair and maintain the property. The tenants also have rights and responsibilities in most rental contracts.

The exact nature of the roles of each party will depend on the nature of the document, Oregon laws and the terms that the landlord and tenant agree to.

When Is a Lease Agreement Used in Oregon?

A lease agreement is often used to formalize an Oregon landlord-tenant relationship and to outline the rights and obligations each party owes to the other.

Oregon does not require that a lease be in writing, but it is a good idea to have a written lease whenever possible.

If you do decide to enter a lease without a written rental agreement, you should be aware of potential consequences. Without documentation, it will be difficult to prove when a party fails to comply with the agreement.

Who Typically Creates a Lease Agreement?

Often, the creation of the lease agreement falls to the landlord. In fact, in residential rental situations, the tenant may find themselves unable to negotiate any terms at all, and the landlord will likely not sign a lease the tenant provides.

There is no requirement that the landlord create the lease, however. Either party can draft a lease—possibly with the aid of a template like our free version—as a starting point for negotiating the lease terms.

What Parties Are Involved in a Lease Agreement?

The parties to a rental contract are:

  • The landlord who owns the property
  • The tenant who occupies the property

The landlord and tenant can be single individuals, groups of people or companies.

Sometimes, a landlord may require a tenant to find a cosigner, who becomes a third party to the contract. A cosigner—also called a guarantor—is responsible for fulfilling the tenant’s obligations under the lease if the tenant fails to do so.

What Should Be Included in an Oregon Lease Agreement?

In Oregon, a lease only needs to contain a few things to be legally sufficient. As long as the contract identifies the landlord, tenant, property, the material terms of the lease and is agreed to by both parties, it’s a valid agreement.

“Material terms” in Oregon means the terms necessary to the agreement. In the case of a lease, this means terms required for the landlord or tenant to fulfill their obligations to one another. The amount of rent due, how often it’s due and how it’s to be paid are all necessary terms (especially if you’re the landlord).

If your rental agreement has these terms along with the duration of the lease, it’s probably legally sufficient in Oregon.

Frequently Asked Questions (FAQs)

What is the maximum fee for late rent in Oregon?

Oregon law sets the maximum fee for paying rent late at 5% of monthly rent, charged once for every five-day period of late rent starting on the fifth day of the rental period. Remember, however, that the state maximum may be different from the late fee in your lease. The fee can be less than the state maximum, but it can’t be more than that amount. A landlord can also charge interest on unpaid late fees.

Does a lease need to be notarized in Oregon?

An Oregon lease does not need to be notarized to be valid and enforceable. In fact, notarizing a lease is extremely rare—increasingly so as more and more residential leases are e-signed.

How much can a landlord increase the rent in Oregon?

Oregon has statewide rent control. In 2024, rent increases will be limited to 10%.

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Jeffrey Johnson started his editorial career nearly 20 years ago as an editor and researcher for McGraw Hill and Pearson. After earning an MFA from Chapman University and his J.D. from the University of Baltimore School of Law, he combined his editorial and writing experience with his legal education. He served as the Managing Legal Editor for the websites Free Advice and Law Firm, and has been featured as a legal expert on The Manifest and Vice.

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