Portland, Ore., city council members want to put a stop to landlords sticking renters with higher rents.
Last week, City Council members approved a “relocation assistance” bill that is raising eyebrows of landlords across the country. Here’s what the new bill does: If a landlord raises the rent by more than 10 percent of a renter — and doing so would force the renter to have to move — the landlord will have to pay the tenant between $2,900 to $4,500 in moving fees. The amount they pay the renter is dependent on the size of the original lease. Council members say that amount would be sufficient then to not only cover average moving costs but also the first and last months’ rent and a security deposit.