What is the maximum allowable late fee for rent in Oregon?

In Oregon, the law does not establish a specific maximum late fee for rent, which means that property owners and landlords have the flexibility to determine the amount of the late fee as long as it is clearly stated in the lease agreement. This allows for negotiation between the landlord and tenant, accommodating different rental circumstances or market conditions.

It's important that the late fee is reasonable and disclosed upfront to the tenant to avoid any potential disputes. The lease must outline how late fees will be applied to ensure that tenants are aware of the consequences of late payments. This provision ultimately aims to provide clarity and protect both parties within the rental arrangement.