Oregon Commercial Property Sales Package
What is this form package?
The Oregon Commercial Property Sales Package is designed to facilitate the closing of commercial real estate transactions. This comprehensive package includes essential forms drafted by licensed attorneys, ensuring that all legal requirements are met. Unlike other packages, this one specifically caters to commercial property sales in Oregon, providing forms that address various aspects of such transactions.
Forms you’ll find in this package
- Oregon Installments Fixed Rate Promissory Note Secured by Commercial Real Estate
- Addendum for Continued Marketing of Property by Seller due to Contingencies
- Environmental Assessment, Threatened or Endangered Species, And Wetlands Addendum
- Contract for the Sale and Purchase of Real Estate - No Broker - Commercial Lot or Land
- Exchange Addendum to Contract - Tax Free Exchange Section 1031
- Option For the Sale and Purchase of Real Estate - Commercial Lot or Land
- Option For the Sale and Purchase of Real Estate - Commercial Building
- Tax Free Exchange Agreement Section 1031
Situations where these forms applies
This form package is ideal for use in scenarios where parties are engaged in the sale or purchase of commercial real estate, including:
- When negotiating the sale of a commercial building or land.
- When an option to purchase commercial property is being offered.
- When environmental assessments are required as part of the transaction.
- When planning to execute a tax-free exchange under Section 1031.
- When financing is needed through a promissory note secured by commercial real estate.
Who needs this form package
- Commercial property sellers and buyers.
- Real estate investors looking to engage in commercial transactions.
- Attorneys advising clients on commercial property sales.
- Individuals who require detailed and legally compliant forms for real estate transactions.
How to complete these forms
- Review the included forms for accuracy and completeness.
- Identify the parties involved in the transaction.
- Enter all necessary details, including dates, property descriptions, and financial terms.
- Consult with an attorney if needed to ensure compliance with state laws.
- Sign and date the forms as required by law.
Notarization requirements for forms in this package
Some forms in this package require notarization to be legally valid. 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.
Mistakes to watch out for
- Failing to read and understand all terms of the contracts before signing.
- Omitting essential information about the property or parties involved.
- Not including necessary addendums when specific conditions apply.
- Neglecting to obtain the required signatures or dates on the forms.
Why use this package online
- Convenience of downloading and accessing forms from anywhere.
- Forms are easily editable on your computer, allowing you to customize them to your needs.
- Reliable legal content drafted by licensed attorneys, ensuring accuracy.
- Cost savings of up to thirty percent compared to purchasing forms individually.
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FAQ
Lease Commission Structures Generally speaking, though, you can expect to pay a lease commission of about 5 percent of your total lease, which is then split between your landlord rep and the tenant rep. For instance, if you get a $20 per square foot lease for five years, the commission would be $5 per square foot.
If you want to know what homes are on the market in any given city at any given time, hopping on Zillow can give you a good idea of what's out there. There really isn't an equivalent commercial platform. One site that includes a lot of commercial property listings is loopnet.com.
Commercial real estate Agents receive a commission on the sale of a commercial property by representing an owner, a buyer, or both. The amount of the commission is calculated as a percentage of the final sale amount. If there are two different Agents involved in the transaction they will split the commission 50/50.
One of the common methods used to evaluate a commercial property is to compare its capitalization rate (also known as cap rate) to that of similar properties. This is calculated by dividing the property's sale price by the net operating income.
LoopNet. LoopNet is one of the most recognized CRE search engines and offers a number of different types of commercial property including office, multifamily, industrial, retail, land, agricultural, hotel & motel, and residential income properties.
Springfield. Number one for affordability, this city is also highly ranked when it comes to its rivers. Dallas. No; not Dallas, Texas. Keizer. Woodburn. Eugene. Coos Bay. Lebanon. Pendleton.
Here's a question for you: Why is housing so expensive in Oregon?His research confirms what any developer can already tell you: Housing is less affordable because land is less available. Easy access to land up until the 1970s meant housing price increases roughly tracked increases in household income.
The combined value of all Oregon land for sale is $5 billion and equals nearly 1 million acres of Oregon land for sale in the state (the third most in the country). The median price of Oregon land and farms for sale is $425,000. Of the 36 counties in the state, Klamath County has the most land and acreage for sale.
According to Horst's figures, the median sales price per acre of Willamette Valley EFU land was $21,909. On the coast, it was $10,299, while in Northeast Oregon the median price per acre dipped to $2,451.