Portland City Code ch. 6 (Buildings and Building Regulations) § 6-235 — Process of banking rent increases.
Sec. 6-235. Process of banking rent increases.
If a Landlord chooses to not impose any rent increases to
which they are entitled pursuant to Section 6-234 above, these
increases may be banked, in whole or in part, with the annual
registration required under Section 6-151. Banked increases may
be used to raise the rent of Covered Units in subsequent years in
addition to Rent Stabilization Allowances, subject to the
limitations in Section 6-234, including that no single increase
of such rent shall exceed ten (10) percent.
(By Referendum, 11-3-2020; By Referendum, 11-8-2022)