Relating to residential rent increase limits.

SB 495 removes annual rent increase limits for residential properties within 25 miles of Oregon's coastline. This means landlords in coastal areas (like beach towns and coastal cities) can raise rents more freely without the standard 90-day notice requirement or annual cap restrictions. The exemption applies to both week-to-week and month-to-month tenancies under Oregon's existing rent control laws. It directly affects tenants and landlords in these coastal communities by changing how rent increases are regulated in those specific locations.