Oregon Administrative Rules|Section 813-115-0070 - Qualified Purchaser Right of First Refusal; Third Party Offer

                                                
Current through Register Vol. 60, No. 12, December 1, 2021 
Before selling a participating property that is subject to a recorded notice of right of first refusal (under ORS 456.262(4)), to a third party other than a qualified purchaser, the property owner shall provide notice to all parties with a recorded right of first refusal of the owner's intent to accept a purchase offer from a third party. Qualified purchasers receiving this notice may exercise a right of first refusal by delivering a matching offer to purchase the property. The property owner shall accept the first matching offer the property owner receives from a qualified purchaser. Requirements related to required notices, matching offers, and property sales generally under this process are outlined in ORS 456.263.
 
Or. Admin. R. 813-115-0070
OHCS 12-2018, adopt filed 09/04/2018, effective 9/4/2018; OHCS 6-2020, temporary amend filed 03/25/2020, effective 03/25/2020 through 09/20/2020; OHCS 10-2020, amend filed 05/21/2020, effective 5/21/2020
Statutory/Other Authority: ORS 456.258
 
Statutes/Other Implemented: ORS 456.250-456.265
This section was updated on 6/8/2020 by overlay.