Rent board approval under this provision is intended to
ensure a fair rate of return under abnormal,
unexpected, or irregular circumstances, including, but
not limited to, capital improvements and minor
renovations, uninsured repairs, the provision of new
housing services, revaluation for property tax
assessment, or other unusual expenses. The Rent Board
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City of Portland Buildings and Building Regulations
Code of Ordinances Chapter 6
Sec. 6-234 Rev. 11-8-2022
shall presume that the Allowable Increase Percentage
will be sufficient to satisfy all regular increases in
operating costs, routine maintenance expenses, and
other normal or regular costs or expenses, allowing the
Landlord to maintain a fair return on investment.
The Landlord submitting an application for an
additional rent increase bears the burden of proof,
including the burden of providing all necessary
documentation, to demonstrate that the increase is
necessary to receive a fair return on investment. Such
documentation shall include, but is not limited to:
historical net operating income, revenue and expenses;
the costs and expenses requiring Rent board approval of
an additional increase; and what portion of shared
costs and expenses can be fairly attributed to each
individual covered unit.
(c) At no time may a Landlord raise the rent of a Covered
Unit by more than ten (10) percent. Any rent increases available
to a Landlord in excess of ten (10) percent must be banked for
later use.