Portland s new rent control ordinance, including an inflation-based cap on rent increases, applies to short-term rentals as well as traditional long-term rentals, the city has determined.
The city released additional clarification to its official interpretation of the ordinance that says short-term rentals are subject to the same annual rent increase caps that long-term rentals are, must submit information annually and follow other rules of the new ordinance.
Exempt from the rules, for both short-term and long-term rentals, are landlord-occupied buildings with fewer than five units.
Owners with short-term rentals posted on Airbnb, VRBO, HomeAway and other sites generally raise and lower rents relative to the area s market, the season, local events that draw big crowds and other factors.