§ 182.415 Definitions for ORS 182.415 to 182.435
§ 182.425 State agency required to collect rental for housing provided to employees; provision of furnishings prohibited; determination of fair rental value
§ 182.435 Schedule of reduction from fair rental value
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Terms Used In Oregon Statutes > Chapter 182 > Rules Governing Agency-Provided Housing

  • Appraisal: A determination of property value.
  • Contract: A legal written agreement that becomes binding when signed.
  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.