OAR 813-115-0070
Qualified Purchaser Right of First Refusal; Third Party Offer

Before selling a participating property that is subject to a recorded notice of right of first refusal (under ORS 456.262 (Second withdrawal notice)(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 (Right of first refusal).

Source: Rule 813-115-0070 — Qualified Purchaser Right of First Refusal; Third Party Offer, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=813-115-0070.

Last Updated

Jun. 8, 2021

Rule 813-115-0070’s source at or​.us