What must a property manager do with lease agreements according to Oregon law?

In Oregon, property managers are required to maintain legible copies of lease agreements for a duration of six years. This requirement serves several important purposes. Firstly, it provides a record of the terms and conditions agreed upon between the landlord and tenant, which is crucial in case disputes arise regarding the lease. Secondly, keeping such documentation helps ensure that property managers comply with state laws related to tenant rights and landlord responsibilities.

By holding onto these lease agreements for six years, property managers can also reference the leases when addressing any inquiries or issues that may emerge during or after a tenant's occupancy. This retention period effectively safeguards both the property manager and the property owner, ensuring that they have the necessary documentation to support any claims or actions that may need to be taken following the lease period.

Other options, such as filing them for a shorter or longer duration or discarding them prematurely, do not meet the legal requirements set forth by Oregon law, which emphasizes the importance of retaining these documents for a sufficient period.