Commercial Real Estate Pro Network

The Residential Landlord & Tenant Rental Agreement is significantly limited in comparison to the wide open language, structure and requirements written in a Commercial Lease. Recently I sat down with Marcel Gesmundo, Attorney at Bittner-Hahs PC to discuss the basic elements, requirements, responsibilities and limitations of the Residential lease. The basics elements of the Residential Lease: The Residential Lease, per Oregon Statute ORS 90.222, (which follows URLTA - the Universal Residential Landlord & Tenant Act) sets the limitations for the contractual relationship between the Landlord and Tenant, especially in a Multifamily property.   Duties of Landlord & Tenant: Landlord Tenant Renters Insurance: Q: Can Landlord require Tenant to have Renters Insurance? A: Yes, when the requirement from the Landlord is: (Per SECTION 5. ORS 90.222 is amended to read: 90.222) IMPORTANT SMALL PRINT: The information contained in this interview was for discussion purposes only and is not intended as legal advice.  For legal guidance or answers to legal questions ALWAYS consult with your attorney. DO you own more than 100 units?Want to require Tenants to Have Renters Insurance? If YES, click here for more information on how easy it is to do so.