Form of seller's property disclosure statement

ORS 105.464 Form of seller’s property disclosure statement A seller’s property disclosure statement must be in substantially the following form: If required under ORS 105.465 (Application of ORS 105.462 to 105.490, 696.301 and 696.870) , a seller shall deliver in substantially the following form the seller’s property disclosure statement to each buyer who makes a written offer to purchase real property in this state: Please complete the following form. Do not leave any spaces blank. Please refer to the line number(s) of the question(s) when you provide your explanation(s). If you are not claiming an exclusion or refusing to provide the form under ORS 105.475 (Buyer’s statement of revocation of offer) (4), you should date and sign each page of this disclosure statement and each attachment. Each seller of residential property described in ORS 105.465 (Application of ORS 105.462 to 105.490, 696.301 and 696.870) must deliver this form to each buyer who makes a written offer to purchase. Under ORS 105.475 (Buyer’s statement of revocation of offer) (4), refusal to provide this form gives the buyer the right to revoke their offer at any time prior to closing the transaction. Use only the section(s) of the form that apply to the transaction for which the form is used. If you are claiming an exclusion under ORS 105.470 (Exclusions from ORS 105.462 to 105.490, 696.301 and 696.870) , fill out only Section 1. An exclusion may be claimed only if the seller qualifies for the exclusion under the law. If not excluded, the seller must disclose the condition of the property or the buyer may revoke their offer to purchase anytime prior to closing the transaction. Questions regarding the legal consequences of the seller’s choice should be directed to a qualified attorney. (DO NOT FILL OUT THIS SECTION UNLESS YOU ARE CLAIMING AN EXCLUSION UNDER ORS 105.470 (Exclusions from ORS 105.462 to 105.490, 696.301 and 696.870) ) Section 1. EXCLUSION FROM ORS 105.462 (Definitions for ORS 105.462 to 105.490) TO 105.490 (Effect of ORS 105.462 to 105.490, 696.301 and 696.870 on rights and remedies) : You may claim an exclusion under ORS 105.470 (Exclusions from ORS 105.462 to 105.490, 696.301 and 696.870) only if you qualify under the statute. If you are not claiming an exclusion, you must fill out Section 2 of this form completely. Initial only the exclusion you wish to claim. _____ This is the first sale of a dwelling never occupied. The dwelling is constructed or installed under building or installation permit(s) #_____, issued by ________. _____ This sale is by a financial institution that acquired the property as custodian, agent or trustee, or by foreclosure or deed in lieu of foreclosure. _____ The seller is a court appointed receiver, personal representative, trustee, conservator or guardian. _____ This sale or transfer is by a governmental agency. ______________________ Signature(s) of Seller claiming exclusion Date ________ ______________________ Buyer(s) to acknowledge Seller’s claim Date ________ (IF YOU DID NOT CLAIM AN EXCLUSION IN SECTION 1, YOU MUST FILL OUT THIS …

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