In Oregon, what is the timeframe for a landlord to return a tenant's security deposit after move-out?

In Oregon, the timeframe for a landlord to return a tenant's security deposit after move-out is 31 days. This rule is designed to ensure that tenants receive their deposits back in a fair and timely manner, while also allowing landlords adequate time to assess any potential damages or unpaid rent that might be deducted from the deposit.

The law stipulates that within 31 days, the landlord must either return the full amount of the security deposit or provide an itemized statement detailing any deductions made for damages or unpaid charges. This process promotes transparency in landlord-tenant relationships and helps tenants understand how their deposits are being handled.

Understanding this timeframe is crucial for both tenants and landlords as it ensures compliance with the state’s legal requirements and protects the rights of both parties involved.