Oregon Forest Products Timber Sale Contract
About this form
The Oregon Forest Products Timber Sale Contract is a legal agreement between a seller and a buyer concerning the sale of timber from designated land. This contract outlines the conditions for the sale, including payment details, rights of access for removal, and responsibilities regarding environmental protection. Unlike other general sales contracts, this document is specifically tailored for timber transactions in Oregon, ensuring compliance with local regulations and practices related to forest products.
Key components of this form
- Identification of the seller and buyer, including their legal entity types.
- Description of the forest products being sold and the designated removal areas.
- Assurances of merchantable title free from liens and encumbrances.
- Rights of ingress and egress for the buyer to remove timber.
- Performance requirements to maintain the integrity of the land during operations.
- Fire prevention and damage liability clauses.
Situations where this form applies
This contract should be used when a landowner wishes to sell timber located on their property to a buyer for commercial harvesting. Situations may include planned timber thinning, clear-cutting for land development, or selling excess timber to manage forest health. Using this contract ensures both parties clearly understand their obligations and rights, providing legal protection throughout the transaction.
Who needs this form
- Property owners or landowners interested in selling timber.
- Timber buyers, including logging companies or individuals, seeking to acquire timber legally.
- Real estate professionals facilitating timber transactions on behalf of clients.
Steps to complete this form
- Identify the seller(s) and buyer(s) by filling in the required names and entity types.
- Specify the property location and attach a detailed description of the timber being sold.
- Enter the purchase price for the timber and detail payment terms.
- Include necessary clauses regarding ingress and egress for timber removal.
- Outline the performance requirements and fire prevention measures the buyer must adhere to.
- Ensure both parties sign the agreement in the appropriate sections, along with necessary witnesses or notarial acknowledgments if required.
Does this form need to be notarized?
This document requires notarization to meet legal standards. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call, available 24/7.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Avoid these common issues
- Failing to provide a clear description of the timber and property location.
- Not identifying all parties properly, especially if they are businesses.
- Omitting essential performance requirements that protect the land's condition.
- Neglecting to include signatures from all required parties and witnesses.
Benefits of completing this form online
- Convenient access to a legally sound template that is easy to fill out and download.
- Editable text fields allow for customization to meet specific transaction needs.
- Reliable format ensuring compliance with legal standards in Oregon.
- Time-saving option to obtain legal forms without the need for in-person meetings.
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FAQ
Salaries for loggers depend on the task in which they specialize. Fallers cut down trees using mobile felling machines and powered chainsaws. They earned a median $21.46 per hour or $44,650 per year as of May 2019, according to the Bureau of Labor Statistics.
Hire a Reputable Forestry Professional. Develop a Forest Management Plan. Plan the Pre-Harvest. Determine a Selling Method. Have a Contract. Conduct the Sale and Harvest. Monitor the Harvest. Closeout with Buyer/Logger.
The total volume of the tree would be 225 board feet. The value of this tree would be $195.00 for an average of $866.00 per thousand board feet. A fourteen inch Red Oak with a grade 3 rating would be worth $12.00 for an average price per thousand board feet of $265.00.
The going price for property at timber value in Oregon is $2,000 to $4,000 an acre. If it's sold as a home site, it's worth $30,000 an acre.
For these reasons, it's not uncommon for a tree grower to net $40,000 to $60,000 per acre every year producing high quality trees that are healthy and bring premium prices in the marketplace.
Depending on the type of trees and the market when the timber is sold, you could earn $500 to $2000 per acre (at $1500, you would be looking at $60 per year in income if you were to annualize it over 25 years).
Logging companies rarely have the specialized equipment, not to mention proper insurances, to remove trees from an Urban setting. But even if they did, the cost associated with hauling equipment to a location and removing the bulk of an entire tree including its top is usually far greater than the value of the tree.
Timber has been one of the most consistent investments over time, and a great hedge against inflation. According to value investor Jeremy Grantham, it's risen 3% more than inflation for more than 90 years. Timberland has also beaten the stock market over the long run, and with less volatility.
To estimate the value of your timber, take the volume, divided by 1,000, and multiply it by the price quoted in your states standing timber stumpage report.
