Oregon Forest Products Timber Sale Contract
Overview of this form
The Oregon Forest Products Timber Sale Contract is a legally binding agreement between a buyer and a seller for the sale of timber. This contract outlines the specifics of the timber being sold, including the rights of the buyer to enter the seller's land for timber removal. Distinct from other sales agreements, it focuses specifically on forest products and ensures both parties understand their rights and responsibilities under state law.
Form components explained
- Parties involved: Identifies the buyer(s) and seller(s) along with their legal status (individual or corporation).
- Timber specifications: Describes the types of timber included in the sale and their designated removal methods.
- Inspection requirements: The buyer must inspect the sale area before purchasing the timber.
- Ingress and egress rights: Grants the buyer access to remove timber from the seller's property.
- Warranties: Seller warrants that they have clear title to the timber, free from liens.
- Performance obligations: Outlines repair obligations for logging roads and the responsibilities related to fire prevention and damage.
Situations where this form applies
This form should be utilized when a landowner (seller) wishes to sell timber from their property to a buyer. It is particularly useful when the seller wants to specify how and when the timber will be harvested, ensuring that both parties are clear on their rights and responsibilities. This contract can help prevent misunderstandings and disputes regarding timber sale terms.
Who this form is for
- Landowners looking to sell timber from their property.
- Buyers interested in purchasing timber from landowners.
- Corporations and individuals involved in forest product sales.
Steps to complete this form
- Identify and enter the names of the seller(s) and buyer(s) at the beginning of the contract.
- Specify the property location and provide a detailed description of the timber to be sold.
- Enter the sale price for the timber and the payment terms.
- Include any specific terms regarding right of access for timber removal and responsibilities for road maintenance.
- Have all parties sign and date the contract in the designated areas.
Notarization guidance
To make this form legally binding, it must be notarized. Our online notarization service, powered by Notarize, lets you verify and sign documents remotely through an encrypted video session.
Get your form ready online
Our built-in tools help you complete, sign, share, and store your documents in one place.
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.
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.
Common mistakes to avoid
- Failing to inspect the timber before purchase, which can lead to disputes over quality and quantity.
- Not specifying adequate details about the location and boundaries of the land being sold.
- Neglecting to discuss and document ingress and egress rights clearly.
Why use this form online
- Easy access to downloadable legal templates drafted by licensed attorneys.
- Quick edits can be made to the form to suit specific needs.
- Cost-effective solution for obtaining legal forms without the need for an attorney visit.
Looking for another form?
Form popularity
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.
