This form is for an option to purchase a residential real estate lot or track of land. It provides for the payment of option money and the procedures for exercise of the option.
Oregon Option For the Sale and Purchase of Real Estate - Residential Lot or Land
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How to fill out Option For The Sale And Purchase Of Real Estate - Residential Lot Or Land?
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FAQ
In real estate, a lot or plot is a tract or parcel of land owned or meant to be owned by some owner(s). A plot is essentially considered a parcel of real property in some countries or immovable property (meaning practically the same thing) in other countries.
Lots to be used primarily for residential purposes and served by municipal water and sewerage must have a minimum area of ten thousand (10,000) square feet, and have a minimum lot width, at the building line, of seventy (70) feet.
Over the last 20 years, the price of farmland per acre in oregon has risen by an average of 3.7% per year to $3,120 per acre as of 2019. This represents an increase of $1,520 per acre of farmland over this time period.
According to Landflip.com, the average median cost for an acre of land in Oregon is about $2000.
43,560 square feet = 1 acre.
The act, which became law on 27 September 1850, granted 320 acres (1.3 km2) of designated areas free of charge to every unmarried white male citizen eighteen or older and 640 acres (2.6 km2) to every married couple arriving in the Oregon Territory before 1 December 1850.
Often a "lot" is sized for a single house. The term "lot" usually doesn't imply a certain measurement of land. Rather, it typically refers to a specific piece of land of any size that can be sold in an individual contract.
As nouns the difference between property and land is that property is something that is owned while land is the part of earth which is not covered by oceans or other bodies of water.
The term "lot" usually doesn't imply a certain measurement of land. Rather, it typically refers to a specific piece of land of any size that can be sold in an individual contract.