Oregon Bargain and Sale Deed

In Oregon, title to real property can be transferred from one party to another by executing a bargain and sale deed. Bargain and sale deeds are statutory in Oregon under ORS 93.860.

A bargain and sale deed conveys the grantor's "entire interest in the described property at the date of the deed which the deed purports to convey" but does not provide covenants of title (ORS 93.860(2, 3)). The grantor of a bargain and sale deed is prevented from asserting he held an interest less than the interest conveyed by the deed at the time of the deed, and the deed passes any after-acquired title (ORS 93.860(2)).

In Oregon, a lawful bargain and sale deed includes the grantor's full name, mailing address, and marital status; the true consideration paid for the transfer (ORS 93.030); and the grantee's full name, mailing address, marital status, and vesting. Vesting describes how the grantee holds title to the property. Generally, real property is owned in either sole ownership or in co-ownership. For Oregon residential property, the primary methods for holding title are tenancy in common and tenancy by entirety. A conveyance of real estate to two or more unmarried persons is presumed to create a tenancy in common. A conveyance to a married couple creates a tenancy by entirety. Joint tenancy is abolished unless the conveyance is to trustees or personal representatives (ORS 93.180).

As with any conveyance of realty, a bargain and sale deed requires a complete legal description of the parcel. Recite the prior deed reference to maintain a clear chain of title, and detail any restrictions associated with the property. The completed deed must be acknowledged by the grantor (and his or her spouse, if applicable) in the presence of a notary.

Deeds affecting property in Washington County are subject to a local transfer tax (Chapter 3.04, Washington County Code). If an exemption to the transfer tax applies, the proper application form must be submitted. Forms are available through Washington County's department of assessment and taxation.

Record the original completed deed, along with any additional materials, at the clerk's office in the county where the property is located. Contact the same office to confirm accepted forms of payment.

This article is provided for informational purposes only and is not a substitute for the advice of an attorney. Contact an Oregon lawyer with any questions related to the transfer of real property.

Deeds.com Oregon Bargain and Sale Deed Forms Have Been Updated as Recently as Tuesday June 25, 2019

4.7 out of 5 (649 Reviews)

What others like you are saying:

Gary O. said: Easy to use,makes things easier,Thanks! Great Idea!

Reply from Staff: We appreciate your business and value your feedback. Thank you. Have a wonderful day!

Janepher M. said: Easy and informative site. Helped me figure out what I was looking for.

Reply from Staff: Thank you Janepher, we appreciate your feedback!

Heather M. said: Great service, convenient, fast and easy to use. Thumbs Up!!!!w

Reply from Staff: We appreciate your business and value your feedback. Thank you. Have a wonderful day!

Robert S. said: The cost was well worth it. It was very easy to download, fill in the necessary information and then print the deed. I filed my need deed today and everything was complete and accurate because of the example you provided.

Reply from Staff: Thanks Robert, we appreciate your feedback!

Dennis B. said: It was easy to download the necessary "Death of Joint Tenant" forms. These easy to use interactive forms are made to comply with the laws specific to your state.

Reply from Staff: Thank you!

Samuel J M. said: I needed to prepare a Correction Warranty Deed and have not done so in years. I ordered your form and modified it to fit my situation. Saved me a lot of time. Thanks.

Reply from Staff: Thank you for your feedback. We really appreciate it. Have a great day!