Oregon real estate related statutes Questions and Answers

2 step application for land divisions - Owners first apply for preliminary plan approval, and then they apply for final plat approval. A plat is a map and other documents comprising a land division's specifications and details, which will be recorded in public records. a canceled lien is called a - lien release a condo owner can remove walls if - they own adjoining units Absolute Auction - highest bidder gets the property and there is no minimum bid acknowledgement - recognition for a notable deed oath of a subscribing witness where the grantor states to the notary that the signing of the deed is a voluntary act acknowledgment is the act of - declaring the execution of a deed, thus providing protection against a seller attempting to sell a property twice any land that is zoned as Exclusive Farm Use can be granted - a special assessment for the taxes they'd owe, commonly called a farm deferral -the special assessment is not affected by the change of ownership -the special assessment stays with the land unless its a small tract forestland or highest and best use forestland assessed value - properties also assessed on their assessed value which is the lower of the real market value or the maximum assessed valueassessors value properties at 100% of their - real market value base line - east west line from which all measurements originate