Property Ownership
Under Oregon law, a property owner can transfer real property to a charitable organization by donating a 'façade easement.' This type of easement:
AGives the public the right to view the front of the property
BRestricts the owner from altering the exterior appearance of a historic building and may provide tax benefits✓ Correct
CAllows the charity to advertise on the building's façade
DTransfers ownership of the front portion of the property
Explanation
A façade easement is a conservation easement restricting alterations to the exterior of a historic building. Property owners donate these easements to historic preservation organizations.
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Key Terms to Know
Easement
A non-possessory right to use another person's land for a specific purpose.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
Fee SimpleThe highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.
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