Oregon Statutes 18.901 – Definition of residential property
For the purposes of this section and ORS § 18.904, 18.906, 18.908 and 18.912, ‘residential property’ means any of the following property:
Terms Used In Oregon Statutes 18.901
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(1) Real property on which no more than four units designed to be used as dwellings are located.
(2) A condominium unit that is designed to be used as a dwelling and that is not being held as inventory for sale or lease in the regular course of business.
(3) A manufactured dwelling as defined by ORS § 446.003 that is not being held as inventory for sale or lease in the regular course of business.
(4) A floating home as defined in ORS § 830.700 that is not being held as inventory for sale or lease in the regular course of business. [2005 c.542 § 15]
[2001 c.249 82,82a; 2002 s.s.3 c.7 § 2; 2003 c.75 § 22; renumbered 18.855 in 2005]