Oregon Laws
Requirement to Record: Not required to be recorded, but must be recorded to establish constructive notice.[1]
Expiration: Under Oregon law, constructive notice does not expire by statute.
Maximum Term: There is no maximum term for a lease with an option to purchase.
No Duration: If no duration is set for the option itself, it will expire automatically at the end of the lease.
Signing Requirements: Must be in writing and signed by the seller.[2]
Required Disclosures (10)
1. Person Authorized to Manage the Premises – Tenants must have access to the names and addresses of any persons authorized to manage the premises.[3]
2. Smoke & Carbon Monoxide Alarms – Landlords must tell tenants how to maintain their smoke and carbon monoxide alarms.[4][5]
3. 100-Year Flood Plain (conditional) – If the residence is located in a 100-year flood plain, then its landlord must disclose this to all tenants.[6]
4. Lead-Based Paint Disclosure & EPA Pamphlet (conditional) – If the property was built before 1978, its tenants must be aware that the paint could contain lead.[7]
5. Move-In Condition Report (City of Portland ONLY) – For properties in Portland, landlords must provide tenants with a condition report before move-in.[8]
6. Outstanding Notices/Pending Suits (conditional) – If there is any notice of default or pending foreclosure on the property, then landlords are required by law to notify new tenants.[9]
7. Recycling Instructions (conditional) – For all multi-family units of five or more units located in an urban growth boundary, tenants must be made aware of the process for recycling.[10]
8. Smoking Policy – The property’s smoking policy should be delineated in the lease.[11]
9. Utility/Service Fees (conditional) – If any utility or service fees are shared, then tenants must be made aware of this.[12]
10. Addendum Regarding Written Notices – If the tenant prefers to receive email notices, then this must be documented in writing.[13]
Seller’s Disclosures (1)
1. Seller’s Property Disclosure Statement – Describes the seller’s knowledge of material defects affecting their property. Sellers must complete this disclosure and provide it to all buyers who submit a written offer to acquire their property.[14]