Contracts
The Oregon Seller Property Disclosure Statement (SPDS) is required for transfers of:
AAll real property in Oregon, including commercial
BResidential properties with one to four dwelling units✓ Correct
COnly new construction residential properties
DCommercial properties with a value over $500,000
Explanation
Oregon's Seller's Property Disclosure Law (ORS 105.464–105.490) requires sellers to deliver a completed SPDS for the sale of residential property with one to four dwelling units. The disclosure must be delivered before or at the time an offer is made. It covers the property's condition, known defects, environmental issues, and other material facts. It does not apply to commercial property, foreclosure sales, or certain other transfers.
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