Homes For Sale Salem Oregon

Land for Sale in Oregon, Build your dream home

Land for Sale in Oregon After many years the secrets of Land for sale in Oregon are getting out. I guess it doesn’t rain here all the time. With about 70% of the population of Oregon living in the Willamette Valley it makes this area popular. For those that are looking for land it creates many opportunities. The rich farmland in the Willamette Valley area was created by the many Missoula, Montana floods during the last ice age depositing up to 100 feet of topsoil in some areas of the valley. Land in Oregon The land for sale in Oregon will be very diverse, there should be something for everyone. With most the population in the Willamette Valley it leaves Oregon with many areas of few people. Much like any state, the closer to areas of population the higher the price. The land for sale in Oregon will be priced in a couple different ways. If is allowed to have a home built on it, some of the value will be as a building site. If it is farmland, price will be based on size and what quality of soils is found on it. I have building sites with large stands of Douglas Fir timber. Timber increases in value at 7.5% per year. As you can see there are many different kinds of land around. Most land is different from others; it is pretty hard to compare at times. I have many different land listings around the area. Terrain, proximity to town, size, soils and many other differences makes pricing property more an artwork than an exact science. Land for Sale Salem Oregon Oregon has many properties suitable for small personal farms. With the world a little different place the solitude for some is very appealing. We have seen an increase in interest for smaller properties. Folks are wanting to grow more and raise more of what they eat. This is one reason the land for sale in Oregon has increased in popularity. There have been many changes in Oregon when it comes to House and Senate bills. The rental cap bill, Senate Bill 608 creates some problems for the landlord. There is a rent cap section as well as eviction changes that will certainly concern investors. House Bill 2001 creates opportunities for more housing so the land within the urban growth boundary may have additional value. Land in Oregon Neither will have much of an effect on you if you are looking for land for sale in Oregon but is good to know if you plan on other investments. If you are a buyer of land in Oregon give me a call and I can get you going in the right direction. Most realtors don’t have a background in timber management, survey, land development, commercial investments and home construction like I have. I can help a bunch. Contact me at 503-949-5025 or alanchomes@gmail.com If you want to search out some properties here in Oregon, I have a web site that will help. You can search for Homes and Land for sale in Oregon on the Willamette Valley Multiple Listing Service. (WVMLS) Just go here: www.homesforsalesalemoregon.net. Here is a great article on selling a HOME Thanks!! Have a great day! MEs for sale

Homes for Sale in Oregon- offer acceptance

 Homes for Sale in Oregon Even though there are a lot of listed homes for sale in Oregon, the process is complicated and lengthy. Many buyers feel frustrated because they need to go through a lot of paperwork, and that is if their offer gets accepted after competing with several others for their dream property. We are in a sellers’ market right now, but it does not mean that buyers still do not stand a chance. According to a National Movers Survey, Oregon got the second-highest percentage of inbound moves, with Vermont taking first place. Oregon also secured the number two spot for three years and is one of the few states that does not have a sales tax. It is no wonder why many people want to move their families to this homely and safe state. Portland Oregon Real Estate Portland is the state’s largest city and home to the NBA Trail Blazers if you are a sports fan. When buying a home for sale in Oregon, you will enjoy unique neighborhoods with a laidback and urban hipster lifestyle. The state is also among the greenest communities with several bike-friendly cities. There are also many renowned universities in the area where your children can study after graduating from high school. Buying a home here does not have to be the most challenging experience if you find the right realtor to support your family’s journey. Here are some secrets on how your offer can stand out from others when buying a home to start your Oregon life. If you need any help just get in touch with me www.homesforsalesalemoregon.net  Get Pre-Approved If you are planning on getting a loan from the bank, get your mortgage pre-approved by them and include a copy of it while making an offer. This pre-approved letter is valuable to let the seller know how serious you are about buying their property over others. Even if they are looking at other buyers we well, many of them might not have enough funds or qualify for a mortgage on time to lock the deal down as you can. When you demonstrate your pre-approved letter, a seller will be more confident accepting your offer because you are one step ahead and have proven your legitimacy as a buyer. It will show that your bank or mortgage company has already reviewed your credit history and are sure that you will have no problems getting a loan to invest in your family’s future home in Oregon. Offer Some Earnest Money Offering up to two percent in earnest money is common practice to let the seller know that you are more serious than other buyers. However, you should always be careful before offering any money. There is always some risk if deals fall through, and you have difficulty recovering funds back. Never make such a commitment unless you are sure about the house you want to buy. There is no harm in organizing multiple visits and giving yourself plenty of chances to make any decisions. The right realtor can help you negotiate and keep any funds exchanged between you and the seller in escrow until the sale is finalized. This is to give you peace of mind that if something goes wrong, your money is secure and will be returned to you promptly without any hassles. Otherwise, you might have to keep chasing after a seller to get those funds back yourself. Find Out What Motivates the Seller There are many reasons why people put their homes up for sale in Oregon. They might be moving to a different state for a new job or wanting a smaller house if their children have grown and left the nest. If you can figure out a seller’s motivation for why they have listed the property on the market, you can structure your offer accordingly. If you have never met the seller or are unable to, your realtor can find out this information. Knowing why a seller is listing their home for sale in Oregon can be tremendously helpful to structure your offer. Shorten the Process A lot of sellers feel anxious during the due diligence period when buyers conduct several inspections, especially in situations with multiple offers. If you shorten your inspection period, your offer will get effectively stand out. This is because a lot of contracts give buyers many chances to drop the deal during the inspection phase. The longer you take, the more you make a seller wait for you to commit to the sale. This is a very risky period for both buyers and sellers. A buyer should do thorough inspections to avoid any expensive repair bills in the future. Sellers, on the other hand, could get other buyers making a faster offer, which would then make them lose interest in selling to you. With your realtor’s help, you can find a middle ground where your due diligence period is not too long or short and be updated on whether somebody else is making an offer before you. A shorter period is better than eliminating inspections entirely because you should have all the facts before putting any money down, and a seller will understand if you do not take a very long time. Consider Including an Escalation Clause If you have your heart set on a house, but there are many other buyers making offers at the same time, you can add an escalation clause. This is extremely useful in a multiple offer situation because you can bid higher automatically if someone else makes an offer. In this provision, you can state that you will bid a certain amount higher than any other bidder. This shows the seller that you are enthusiastic about buying and will not pull away at a later stage. However, be careful not to offer a bid that is too high. Otherwise, you might get taken advantage of if you put down too much more money than the house is worth. Ask your realtor to

Land for sale in Oregon

MORE Realty Al Cronemiller Licenced in the State of Oregon Oregon Real Estate For the past 4 to 5 years Oregon real estate has been very popular. The Moving to Oregon craze has created a little bit of a housing shortage here. Most areas in Oregon have seen sizeable appreciation with Newburg, Oregon seeing some of the highest at 24.9%. Across the board most houses went up in value about 10-15%. Land in most areas saw the same increase in value as some people searching for a home’s are leaning towards buying a lot and building instead. I have seen the interest in land increase a bunch in the last 1-1/2 years. If you go to Homes for sale Salem Oregon blog I have many articles about Moving to Oregon, Land in Oregon, houses in Oregon and more. My web site www.homesforsalesalemoregon.net has the WVMLS listing service on it. This is a direct IDX feed that goes live the minute they are live on the MLS. Just like Zillow. Search for whatever Oregon real estate you want to on the site. Oregon real estate popularity doesn’t mean that it is all gone, there are many good deals on the market if you know where to look. I personally call many people that are selling their homes by themselves to increase my inventory. Another good Idea is to get ahold of people that rent their homes. You never know when they might get sick of being to be a landlord. Check out my website to get a better Idea on things. I am free to show you properties, just contact me at al@cronemiller.com or visit my site at www.homesforsalesalemoregon.net. Let me know how I can help! Real Estate Salem Oregon Oregon real estate is some of the most beautiful around. The State in general has attracted many people in the last 4 or 5 years. Currently Oregon is coming into the winter. The thoughts of many home owners are that when winter hits the home buyers go indoors, or away. This is the furthest from the truth. 90% of home buyers shop on the internet, in the comforts of there own home. Home buying does not slow down at all; however, the inventory is lower because of the seller’s perceptions. On my blog HERE I have many articles. Home Buyers Tips and Tricks is one that will help anyone searching for Oregon real Estate. www.homesforsalesalemoregon.net Find a strong realtor to work with, this will increase your odds of success. al@cronemiller.com Instant Urdu Dictionary No Result Found Developed by – Muhammad Aamir Developed by Muhammad Aamir © 2019 Coffee with AI

Real Estate Salem Oregon

Real Estate Salem Oregon

Real Estate Salem Oregon Search HERE for Oregon Homes  For the last 4 to 5 years we have seen a bunch of people moving to Oregon looking for real estate Salem Oregon. This has increased the popularity of Oregon real estate as you can imagine. There are two main areas to find homes. You can search the MLS listings or you can take the time and call all the people trying to sell their place by themselves. For Sale by Owners. To make things easy on you just contact me and I will do all the work for you. al@cronemiller.com The Willamette Valley has about 70% of all the housing in Oregon. This is a valley about 140 miles long and about 50 miles wide. Portland is on the north end and Eugene, home of the college football team the Ducks, to the south. Interstate 5 runs through the center from north and south and supplies great access. Highway 22 runs east and west out of Salem allowing easy access to the coast and central Oregon. Salem is one of my favorite places because of this. Oregon has so many great activities and beautiful scenery, it is no wonder people love living here. If you are looking for investments, timber land, building sites, commercial properties, look me up, I will give you insights as to the best investments and purchases. www.homesforsalesalemoregon.net Here is a great article There are many Oregon homes for sale. The good ones don’t stay on the market all that long. If you are going to be successful you will need to have a realtor that is on top of things. If you are actively looking for a home you will want to compete in the market. All other home buyers have a realtor helping them, the trick is finding a good one. I have MANY articles that will help you. This is one area where you are able to hire a professional that does not cost anything, why wouldn’t you. I have a survey and forestry background from my dad. After a 30-year career as a remodeling specialist I changed to being a realtor. I know homes, let me help with your property search. al@cronemiller.com www.homesforsalesalemoregon.net

Homes for sale Salem Oregon

Homes for sale in Oregon

Oregon real estate If you’re from California and you’re a little tired of the traffic, crowds and the cost of housing it might be time to look for some Oregon real estate.Homes for sale Salem Oregon  Currently the housing market is doing great, interest rates are low for buyers and we are still in a sellers market. Although the housing prices seem high by Oregon’s standards, they are probable quite low for those moving from California. Still the homes for sale in Oregon are very well priced compared to the Portland area. Besides if you are relocating from California, home prices will be lower no matter where you end up. Moving to Oregon Moving to Oregon will give you the perfect appreciation for nature. The change of scenery from where ever you come from will be a marked improvement. I think everyone moving to Oregon will be looking for the best places to live. There are many great places to put down roots, just depends on your situation. Although Portland has its share of traffic it is still a very nice city, lots of activities and a bunch of nice people. Check out more articles HERE Having lived in the state all my life there are many favorite spots I have. The Oregon coast has crabbing, clamming, fishing and a beautiful coast line. Eastern Oregon is incredible with the high desert, Mountains, skiing, hiking and everything for the out door enthusiast. Portland has all the big city stuff, Music, food, shows, the place is loaded. To the south beyond Eugene the population thins out a little and the rain decreases. Central Oregon One of my favorite places to be is in central Oregon. The Sisters, Bend, Redmond area has a wonderful selection of out- door activities, lots of wildlife and all the fresh air you want to breath. This area has been a favorite of many as one can tell from the population increase. Weather it’s the smell of Juniper trees, sage brush or just that fresh mountain air, central Oregon is fun to kick around in. The Willamette Valley has much to offer. If you are moving to Salem, Oregon, that is about 45 south of Portland you can expect to see far less traffic and congestion. Salem is far enough away from Portland to not be effected by the higher prices of housing either. You can expect to pay about  25% more for a place north of Wilsonville than south. Highways in Oregon Interstate 5 runs north and south through the state. As with many states the population seems to be greater along the main highways. Oregon is no exception. Although Oregon has 3 main highways that run north and south, the coast highway, or highway 101, Highway 97 that runs through central Oregon and Interstate 5, all great ways to see Oregon. If you are currently looking for houses for sale in Oregon I have set up a web site so it will be easier to search for homes. Just go to  www.homesforsalesalemoregon.net .Here you will be able to find the home of your dreams! Contact me at al@cronemiller.com I would love to help!

Land for sale in Oregon- a goldmine

Land for sale in Oregon

https://homesforsalesalemoregon.net/wp-content/uploads/2019/12/IMG_0242.mov Land in Oregon As with any state, property values have a lot to do with demand. We have land for sale in Oregon that you can spend little on and do little with. On the other hand, we have some that is very nice pieces. The Willamette Valley has about seventy percent of Oregon’s population in it. This is where you will find some of the most popular land and most fertile soils. Land for sale in Oregon I sell a bunch of Land in Oregon. With my Grandpa being the State Forester for Oregon and my Dad being a Forester and land surveyor, my background help’s a bunch. At any time, I will have building sites, farm land, timber land and just about anything in between. Homes with acreage for sale in Salem Some of the most popular land in Oregon right now is ground that grapes and Filberts can be grown on. The wine industry is huge here and the popularity of filberts is growing with the demand. Many are planting orchards here in the Willamette Valley. If you are looking for land in Oregon say for a building site, a two-acre parcel, as most are looking for will cost about 200 to 250 depending on location, slope, view and a few other things. Generally, this land will require a well and septic system, just check with your local county sanitation department as to the process. Commercial land in Oregon We also have different commercial land in Oregon. From large parcels around big box stores in McMinnville, Multi family, Truck repair and busy street road frontage in Salem. Here is another great ARTICLE If you go on www.homesforsalesalemoregon.net  you can see a bunch of it. We cater to buyers and sellers. My website has a feed from the WV MLS service so searching for a home or getting values for comparison is easy. Email me at al@cronemiller.com, would love to help you.

The Willamette Valley

The Willamette Valley

MORE Realty Al Cronemiller Licenced in the State of Oregon The Willamette Valley When you travel the Willamette valley you will see it’s a pretty big area, after all 70% of Oregon’s population is here. Take that a step further and try to travel around Oregon and see everything, huge chore. You realize how big of a state we have. From a geological standpoint one state is not a very big area, at least when it comes to different kinds of historic events. Back in early history  a  Lake in Missoula Montana breached when an ice bridge broke and created a flood that headed west through Washington eventually coming down the Columbia River and into the Willamette Valley. This flood pushed topsoil and sediment down the river where much rested in the Willamette Valley. This is one of the reasons the soil is so good here. The Willamette Valley has many main towns and cities in it. South to north there is Eugene, Corvallis, Albany. Lebanon, Salem, Dallas, Woodburn, Wilsonville, Beaverton, Oregon City, Hillsboro, Portland and many more. So much to choose from. Oregon has always been known for its Timber, but with the Willamette Valley and the farm land in central Oregon produce a huge amount of food. Central Oregon is also known for its Alfalfa, watermelons, grass and beef. Oregon has many different eco systems. If you are looking for the beach it is a quick 1.25 hours from Salem. If its central Oregon and the pine timber just hear east 2 hours from Salem to the town of Sisters, OR. The further east you go the dryer it gets. The north end of the valley has a bunch going on, Portland. This area has its share of traffic, high prices, people and all the big city joys you would expect. Check this article Out HERE Check out the home prices here, it’s a great place to live. www.homesforsalesalemoregon.net. If you are looking for a home, get in touch, love to help you and your family. al@cronemiller.com

Land for sale in Oregon

Land for sale in Oregon

Land for sale in Oregon There has always been plenty of land for sale in Oregon.  Up until about a year and a half ago land had the normal draw, supply and demand, location ect, but things have changed. This all started with the popularity of Oregon in the last 4 or 5 years. The Moving to Oregon craze, the economy and a housing shortage has caused some people to look for land to build on. Land for sale Marion County, Oregon The average size of a lot people are looking for is about ½ acre. How many of those are there? The majority of what you see for sale is lots between 1 and 5 acres. This is great except they are limited. The 5-7,000 city lots are already owned by builders because of there clients wanting homes built. They need the dirt or they are out of business. Land for sale in Oregon I have sold a bunch of land lately from 1 ½ acre commercial in Brooks to 40 acres forest in Colton. My recent sale of 2 two acre lots in Dundee went fast. Having been raised in a family of land surveyors and foresters, everything was about the land, I learned early. I loved wood so much I was a contractor for 30 years. Land is one of my specialties. I have some listed currently around. Creating a value on any property is more an art form than an exact science. there hasn’t been enough sales to help much with land pricing. In many areas around if you have a 1-3-acre building site you can guess it is worth around 175,000 to 250,000 depending on location and beauty. They are all different and in someway connected to past sales in the area. Give me a call or email for my latest list of land in Oregon. al@cronemiller.com, I would love to help. Land in Oregon and especially the Willamette Valley (since 70% of the population is there) is in someway farming land with a mix of forest. In ancient times Lake Missoula in Montana flooded and ran  across Washington and down the Columbia river and into the Willamette Valley. This flood moved a huge amount of fertile soil from 2 states away, amazing. Some say that the Willamette valley has up to a  mile of top soil in it from thies historic floods. South of Salem we have Jory Hill. Our Jory hill silty clay soil is among the 10 best soils in the world for grapes. The land in Oregon has many uses. We have seen more and more planted in Hazelnuts with Starbucks being a big buyer with Hazelnut flavorings. Related Article HERE I have a web site www.homesforsalesalemoregon.net that you can search for homes on. Contact me, I would love to help you and your family. 503-949-5025 al@cronemiller.com

Apartments for sale Salem Oregon- Repositioning

Emerging Markets in Oregon

Apartments for sale Salem Oregon  One of the best ways to earn a higher return on investment is with Apartments for sale Salem Oregon or rather the re-positioning of an apartment complex done right.  Apartments that fall into a state of disrepair and have large vacancy numbers are what we are looking for. Nine times out of ten the problem lies with the manager and the owner so once you have purchased the property and the old owner is out of the picture, make sure the manager is soon to follow. It is the two of them that created this mess. With any apartment re-positioning project you will also be re-positioning the tenant base. Make sure that your projected gross income during the repositioning process (11/2 to 2 years) takes in to account that about 30% of your current tenants will leave with the higher standards and rents that are soon to arrive. Just remembering this is a good thing. Apartments for sale Oregon We now own an apartment complex and we are ready to start. The first thing that we need to do is hire an apartment manager. If the right on is hired the apartment remodel will be much easier. Make sure to get a management company that has national standards. Like any other construction project screen and select sub-contractors, collect paper work and start the ball rolling. A reputable management company will have allot of experience with construction and repairs. Make sure all workers are held to high standards on workmanship. During this re-positioning process, you have been very careful to use building materials that have durability. Quality building materials along with quality work will ensure the work will last for a good length of time. This also is essential to create an environment for them to live in nicer than before so rents can be raised. Apartments in Oregon You might ask yourself how does this way of re-positioning earn any extra profits, were getting to that. Our main goal throughout this project is to create a place where people WANT to live, a place where they brag to their friends about how cool it is and a place they feel safe in. This right here is where your NOI (net operating income) will increase. What we have done is increase the normal tenancy of a renter, because they like it here, let them spread the word about how great it is to their friends, this greatly reduces marketing costs. When people like the place they live in they stay longer. Apartments in Salem Oregon are a great investment. When they stay longer there are fewer make-ready’s. A make ready is the cost to re-paint, clean, shampoo carpets and get the apartment ready for the next renter. This cost is one of the biggest costs on your expense sheet. Reducing this greatly increases you NOI. Our main goal in all of this is to increase occupancy to 94-96%. Increase rents to be competitive with similar apartments and to reduce expenses. This is the name of the game. We want to build a sense of community within the complex. This is accomplished in many ways. We are trying to bring people together to create friendships. This is one area that needs to be properly planned out because the expenses are worth it at the end of the year. There are many ways of doing this. Your manager should have a BBQ for everyone every 4 months. This brings people together and sets you apart from other apartments. The complex should have flowers planted and the grounds be well cared for. There should be exterior fencing to create security for the residents and plenty of lighting. If the complex houses children, a playground should be constructed for their enjoyment. You are creating a place they want to be. Apartments in Oregon Another idea is to have a monthly drawing for 100.00 cash prize. Everyone who paid their rent by the first of the month or before would be entered to win. This one trick saves lots of money if the 100.00 prize winner is known by all, every month. Send out a monthly newsletter, let everyone in the complex know what is going on around them. Let them know you are there to help. This is just a couple ways to create a sense of community. This will keep people happier and around longer. Everyone wants a nice place to live, give them this and they will stay. Another Great Article New article on Apartments Let me help with your next investment property. Contact me at al@cronemiller.com or visit my site at www.homesforsalesalemoregon.net.

Oregon’s new Senate Bill 608

senate bill 608

Eviction Standards Eliminates no-cause eviction standard after the first year of occupancy. o Landlords can continue to evict for a tenant-based cause (current law – i.e., non-payment, violation of the rental agreement, outrageous conduct, etc.). • Adds new landlord-based for-cause reasons to evict a tenant: o Sale to a person who will move in; o Landlord or family member move-in; o Significant repair or renovation of the unit; o Removal of the unit from residential use. • If landlord uses one of these four landlord-based reasons, they must provide the tenant with 90-day notice and relocation expenses in the amount of 1 month’s rent. Exceptions • Small landlords (4 or fewer units) do not have to pay relocation expenses. • Landlords who live on the same property as their tenant (owner occupied, 2 units or less) may still use a nocause eviction at any time. Month-to-Month Tenancies • For the first 12 months of occupancy, a landlord may terminate the tenancy without cause with a 30-day notice. • After the first 12 months of occupancy, a landlord may only evict a tenant for cause, by using an existing tenantbased reason or by using one of the four new landlord-based reasons. Fixed-Term Tenancies • After the first 12 months of occupancy, the fixed-term lease will automatically roll over to month-to-month unless the landlord has a tenant or landlord-based reason to terminate. Exceptions: • A fixed-term lease might not automatically roll over at the end of the fixed term per landlord discretion if the tenant has violated the terms of the rental agreement 3 separate times during a 12-month period, with written warnings for each violation given contemporaneously with the violation. Annual Rent Increase • Landlords may increase rent by no more than 7% + consumer price index in a 12-month period. • Maintains current law regarding rent increases: prohibits rent increases in first year of month-to-month tenancy and requirement that landlords give 90-day notice of rent increases thereafter. Exceptions: • New Construction: A landlord may increase the rent above 7% +CPI in a 12-month period if the certificate of occupancy was issued less than 15 years ago. • New Tenancy: If the previous tenant vacated the unit voluntarily or their tenancy was otherwise terminated in compliance with other applicable law, the landlord may reset the rent on the new tenancy without limitation. • Subsidized Housing: If the landlord is providing reduced rent to the tenant as part of a federal, state, or local program or subsidy, they are exempt. Enforcement • If a landlord violates the new provisions, they are liable for three months’ rent plus actual damages. 2 SENATE BILL 608 SUMMARY Frequently Asked Questions: SB 608 When will the changes go into effect? Senate Bill 608 has an “emergency clause” and thus becomes effective once signed by Governor Brown. We anticipate this could be as early as March 1, 2019. If I have a transaction that closes after the law goes into effect, can the new owner evict the tenants? Depends. Generally, you may only evict for a tenant cause or a “qualifying reason for termination” under of the enumerated circumstances that the law provides. Once you become an owner of qualifying rental property, you become a “landlord” whose conduct is governed by the bill and you should review both the current law and existing tenant contracts of the property you’re purchasing. However, the law does allow for specific circumstances under which a landlord, including a new landlord, could evict a tenant landlord-based reasons including significant renovations, demolitions, safety, or owner-occupancy. How does this impact closing timelines for rental occupied properties where the new owner will occupy the residence? The closing date in the sale of real property is a construct of contract law between the parties and thus would not be affected by the new law which governs landlord-tenant relations. However, displacing a current tenant (and thus effectuating the intent of new owner who would like to move-in) is another issue (because notwithstanding the transaction between the buyer and the seller, the tenant has their own rights subject to their lease agreement and current law). If the tenant is a week-to-week tenant, or a month-to-month tenant within the first year, you have some flexibility to displace them without cause (so long as you give them the specified amount of notice) and certain circumstances apply. If the current tenant is a month-to-month renter who has been occupying for more than a year or is under a fixed term lease, evicting a tenant is subject to more regulations. Fixed-term leases will always continue, unless there is a tenantbased reason (failure to pay rent) for eviction. On a month-to-month tenancy, 90-days’ notice and the payment of relocation expenses (1-month’s rent) will be required. I heard that the law caps rent increases, but that cities and counties will be able to set high rent caps if they want? There are no exceptions for cities and counties, and therefore the rent increase cap would apply to the entire state equally. Further, any local ordinances that conflict with the statewide cap on rent increases would likely be preempted by the legislature’s acts. We advise seeking legal counsel to determine where estate and local laws may conflict and the potential impact of such a situation. 3 SENATE BILL 608 SUMMARY When it says that it applies to buildings 15 years or older, when does that date start? Is it rolling? The time period is calculated by the difference between when a notice of rent increase is sent out and when a certificate of occupancy was issued for the dwelling unit. Does selling your home count as a for-cause or no-cause eviction? The bill is intended to provided protections for tenants. Thus, if a home owner wishes to sell their home, this law would have no effect on that transaction (which is between the buyer and the seller) unless the rights of a tenant are affected. Fixed-term leases will always continue, unless there is a tenant-based reason (failure to pay rent) for eviction. On a month-to-month tenancy of under a year, a no-cause notice may be issued with 30-days’ notice. On