Oregon Statutes 701.310 – Cancellation of contract
(1) A property owner who enters into an initial written contract for the construction, improvement or repair of a residential structure or zero-lot-line dwelling on real property owned by the property owner may cancel the contract by delivery of a written notice of cancellation anytime prior to 12 midnight at the end of the next business day. The notice of cancellation may be delivered in any written form or by any means that can readily be converted to written form, including, but not limited to, facsimile, electronic mail and regular mail. The notice must state the intention of the property owner to cancel the contract.
Terms Used In Oregon Statutes 701.310
- Contract: A legal written agreement that becomes binding when signed.
- Contractor: means any of the following:
(a) A person that, for compensation or with the intent to sell, arranges or undertakes or offers to undertake or submits a bid to construct, alter, repair, add to, subtract from, improve, inspect, move, wreck or demolish, for another, a building, highway, road, railroad, excavation or other structure, project, development or improvement attached to real estate, or to do any part thereof. See Oregon Statutes 701.005
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Zero-lot-line dwelling: means a single-family dwelling unit constructed in a group of attached units in which:
(a) Each attached unit extends from foundation to roof with open space on two sides; and
(b) Each dwelling unit is separated by a property line. See Oregon Statutes 701.005
(2) Subsection (1) of this section does not allow a property owner to cancel a contract:
(a) If both parties agree that work is to begin before the cancellation period has expired;
(b) After a contractor substantially begins the residential construction, improvement or repair; or
(c) When an initial contract is being modified after expiration of the initial cancellation period. [2007 c.648 § 8; 2009 c.409 § 2]