Senate trims tenant‑notice timeline for units sold to owner‑occupants from 90 to 60 days

The Oregon Senate on April 1 passed Senate Bill 586 A, which reduces the notice period landlords must give tenants on fixed‑term leases when the landlord sells a unit to a buyer who intends to live in it.

Senator Anderson, who presented the bill from the Senate Housing and Development Committee, framed the change as a modernization that balances tenant protections and flexibility for mostly small property owners. "Under existing law, when a landlord sells a dwelling unit to a buyer who intends to live in it, they must provide the tenant on a fixed term lease with a 90 days notice after the lease ends," Anderson said. "This bill reduces that notice period to 60 days, aligning it more closely with the realities of today's housing market while ensuring tenants are still treated equitably."

Anderson said the bill also removes an outdated requirement that a unit be sold separately from any other unit and includes provisions intended to support buyers who plan to live in a 2‑ to 4‑unit building as their primary residence. Senator Meek, speaking in support, noted the change addresses financing realities for first‑time buyers who purchase a plex to both live in and rent other units to help afford homeownership.

The bill maintains a requirement that landlords who opt for the shorter 60‑day notice provide "money in hand" to help cover moving costs or other immediate expenses, as described by the sponsor on the floor. Committee discussion and stakeholders shaped the measure, which Anderson described as the result of committee collaboration.

On final passage the Senate declared the bill passed; the clerk recorded that Senate Bill 586 A "having received a constitutional majority is declared passed."