Unintended Consequences of Proposed Renter Relocation Policy

Unintended Consequences of Proposed Renter Relocation Policy

In response to the proposed requirement for landlords to pay $2,900-$4,500 to tenants who face no-cause evictions or 10% rent hikes, John DiLorenzo and the Equitable Housing PAC are warning the city about potential unintended consequences. Landlords note that they use no-cause evictions to remove tenants they have received complaints about when other residents are unable or unwilling to testify at eviction hearings. No-cause evictions also allow landlords to remove tenants engaged in illegal activity who have not yet been charged with a crime. Commissioner Eudaly has discounted these arguments, claiming more tenants will be helped than harmed by this proposal . DiLorenzo has indicated he is likely to challenge the measure if passed, on the grounds that it is a de facto rent control program. Read more.

HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment owners throughout Oregon and Washington. Build your legacy at http://www.hfore.com