Oregon Statutes 93.860 – Bargain and sale deed form; effect
(1) Bargain and sale deeds may be in the following form:
Terms Used In Oregon Statutes 93.860
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Grantor: The person who establishes a trust and places property into it.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
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_____, Grantor, conveys to _____, Grantee, the following described real property: (Describe the property conveyed.)
(Following description of property, here insert statement required under ORS § 93.040 (1).)
The true consideration for this conveyance is $_____. (Here comply with the requirements of ORS § 93.030.)
Dated this _____ day of _____, 2___.
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(2) A deed in the form of subsection (1) of this section shall have the following effect:
(a) It shall convey the entire interest in the described property at the date of the deed which the deed purports to convey.
(b) The grantor, the heirs, successors and assigns of the grantor, shall be forever estopped from asserting that the grantor had, at the date of the deed, an estate or interest in the land less than that estate or interest which the deed purported to convey and the deed shall pass any and all after acquired title.
(3) A bargain and sale deed shall not operate to provide any covenants of title in the grantee and the successors of the grantee. [1973 c.194 § 3; 1999 c.214 § 3]