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Oregon Revised Statutes Property Rights and Transactions § 90.850

Current as of January 01, 2023 | Updated by FindLaw Staff

(1) A manufactured dwelling park owner may present for recordation, in the County Clerk Lien Record of the county in which the manufactured dwelling park is located, an affidavit in which the owner certifies that:

(a) The owner has complied with the requirements of ORS 90.842, 90.844 and 90.846 with reference to an offer by the owner for the sale or transfer of the park.

(b) The owner has complied with the requirements of ORS 90.842, 90.844 and 90.846 with reference to an offer received by the owner for the purchase or transfer of the park or to a counteroffer the owner has made or intends to make.

(c) The owner has not entered into a contract for the sale or transfer of the park to an entity formed by or associated with the tenants.

(d) ORS 90.842, 90.844 and 90.846 do not apply to a particular sale or transfer of the park pursuant to ORS 90.848.

(2) The following parties have an absolute right to rely on the truth and accuracy of all statements appearing in the affidavit and are not obligated to inquire further as to any matter or fact relating to the owner's compliance with ORS 90.842, 90.844 and 90.846:

(a) A party that acquires an interest in a park.

(b) A title insurance company, or an attorney, that prepares, furnishes or examines evidence of title.

(3) The purpose and intention of this section is to preserve the marketability of title to parks. Accordingly, the provisions of this section must be liberally construed in order that all persons may rely on the record title to parks.

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Cite this article: FindLaw.com - Oregon Revised Statutes Property Rights and Transactions § 90.850 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-10-property-rights-and-transactions/or-rev-st-sect-90-850.html

Read this complete Oregon Revised Statutes Property Rights and Transactions § 90.850 on Westlaw

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