What are Oregon tenant rights when the rental property is sold?

Short answer

An Oregon sale generally does not cancel an existing tenancy. The lease and rental agreement continue with the new owner, the security deposit transfers as part of closing, and the buyer steps into the landlord's role under ORS Chapter 90. The buyer can end the tenancy only by following the same notice rules any landlord must follow under ORS 90.427.

When this comes up

Sales of tenant-occupied homes, escrow planning, and buyer questions about clearing the unit after closing.

Oregon rule or source to check

ORS 90.427 (terminations), ORS 90.300 (deposit handling), and the lease itself.

Practical workflow

  1. 1. Confirm the tenancy on day one. Buyer and seller should confirm lease terms, end dates, rent, and deposit balances in the purchase agreement.
  2. 2. Transfer the deposit at closing. Allocate the deposit balance to the buyer at closing so the buyer can meet ORS 90.300 obligations later.
  3. 3. Notify the tenant in writing. Provide written notice of the change in ownership, new payment instructions, and management contact.
  4. 4. Honor or end the tenancy properly. Either continue the tenancy or, if a qualifying landlord reason exists, follow ORS 90.427 (90 days plus relocation assistance where required).
  5. 5. Document everything. Keep the closing statement, deposit transfer record, and tenant notice together in the new owner's file.

Common mistakes

Assuming the tenancy ends at closing, failing to transfer the deposit, and sending a same-day vacate demand that does not match ORS 90.427.

Related forms or workflows

Purchase agreement tenancy addendum, deposit transfer schedule, change-of-ownership notice to tenant, qualifying-landlord-reason notice template.

Related questions

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