How long does a property manager need to file and maintain legible copies of lease agreements in the State of Oregon?

A property manager in Oregon is required to file and maintain legible copies of lease agreements for a period of 6 years. This timeframe aligns with the state's regulations about record-keeping, which is designed to protect both the property manager and the tenants. Keeping these records helps ensure that important details regarding lease terms, tenant responsibilities, and any specific agreements made are documented and can be referenced if disputes arise. This retention period is also crucial for compliance with potential audits or legal inquiries that may occur in the future.

The requirement for a period of 6 years rather than shorter durations emphasizes the importance of thorough documentation in property management, as well as the need for adequate time frames for any legal processes or claims that could arise related to the lease agreements. This length acknowledges the realities of rental agreements which may extend over multiple years, allowing for sufficient time for disputes to be resolved comprehensively.