§ 18.901 Definition of residential property

Codes > Oregon Revised Statutes > Title 2 > Chapter 18 : Execution Sale > (Residential Property) : 18.901

18.901. Definition of residential property

    For the purposes of this section and ORS 18.904, 18.906, 18.908 and 18.912, “residential property” means any of the following property:

    (1) Real property on which no more than four units designed to be used as dwellings are located.

    (2) A condominium unit that is designed to be used as a dwelling and that is not being held as inventory for sale or lease in the regular course of business.

    (3) A manufactured dwelling as defined by ORS 446.003 that is not being held as inventory for sale or lease in the regular course of business.

    (4) A floating home as defined in ORS 830.700 that is not being held as inventory for sale or lease in the regular course of business.