Q: What is considered an ‘extraordinary event’ in the OREF 096 – Extraordinary Event Addendum? A: This form was created to allow the parties to have extra time to perform their obligations under the Sale Agreement due to significant events beyond their control. The form
If a property contains an Uncertified Woodstove/Wood-Burning fireplace insert, Oregon law generally requires the device to be removed and properly disposed of when the property is sold. If the buyer is accepting that responsibility, using line 30 in OREF – 046 Woodstove/Wood-Burning Fireplace Insert Addendum,
Steps for Renewing Your zipForm® Subscription: 1. Click “renew all” which should cost a total of $0.00 2. If there is anything in the cart that costs money you will want to remove them. Unless they are items you would like to purchase, for example: zipForm®
Q: Why are well tests not addressed on OREF 064 – Notice of Unconditional Disapproval? A: OREF 082 – Private Well Addendum does not allow unconditional disapproval of well test results. Instead, the buyer must show deficiencies in the system. Per Section 5, the buyer
If your buyer or seller is unsure of the specific Smoke and Carbon Monoxide Alarm requirements, the local fire department is a great resource for them. All comments and responses from OREF or its staff, managers, and volunteers are non-legal opinions made for general purposes.
Q: If the transaction doesn’t close by the closing deadline agreed upon due to the lender’s delay, who is entitled to the earnest money? A: In OREF 001 – Residential Sale Agreement, Section 33.2, item C states the seller is entitled to the earnest money
When using OREF 022A & 022B – Buyer and Seller Repair Addenda, remember that when the buyer or seller rejects a repair addendum and proposes another repair addendum – any terms on the previous request no longer apply. The new repair addendum should include all
The property buying and selling process is not short on paperwork. With such a high volume of information involved, sometimes you need to be able to reference a quick summary. Seller’s Agents can use OREF 101 – Offer Summary, or C-555 in our Commercial Library,
If a buyer is purchasing a property that is currently being used as, has previously been used as, or will in the future be used as a rental – include OREF 070 – Investment Property Addendum in the transaction to allow the buyer to create
Not sure how to edit your Trust funds name in your file on Skyslope? View our tips and tricks here as well as more information provide from Skyslope All comments and responses from OREF or its staff, managers, and volunteers are non-legal opinions made for