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Lake Oswego

Oregon

Short Term Rental FAQs for Lake Oswego, Oregon.

How restricted are short term rentals in Lake Oswego?

Light Restrictions

Does Lake Oswego,Oregon have any regulations for short term rentals?

Remit Taxes, register dwelling, obtain permit, zoning

Does Airbnb automatically remit taxes for short term rentals in Lake Oswego?

Currently, Airbnb is collecting and remitting taxes on behalf of the host.

What are the city taxes for Lake Oswego

Oregon State FAQs

Is Oregon a judicial or non-judicial state?

Non-Judicial

In a non-judicial foreclosure state, the lender does not need to go through the court system in order to foreclose on a property. This process can be quicker and less expensive for the lender compared to a judicial foreclosure.

As a real estate investor, it is important to understand the differences between judicial and non-judicial states because it can affect the amount of time and money it takes to foreclose on a property. It can also impact the availability of properties that are being foreclosed on and the process of purchasing those properties.

What is the process of closing on a property in Oregon?

Closings are handled through escrow. Conveyance is by warranty or bargain-and-sale deed, but land sales contracts are common. Mortgage deeds and deeds of trust are the security instruments. Oregon attorneys usually act as trustees in non-judicial trust-deed foreclosures. Such foreclosures take 5 months from the date of the sale notice; defaults may be cured as late as 5 days prior to sale. Judicial foreclosures on either mortgages or trust deeds allow for a one-year redemption period following sale. Oregonians use ALTA and Oregon Land Title Association policies. Buyers and sellers split escrow costs and transfer taxes; the buyer pays for the lender’s title insurance policy, and the seller pays for the owner’s policy. Property taxes are payable the 15th of November, February, and May; if paid in full by November 15th, owners receive a 3% reduction.

Property Taxes in Oregon?

Due the 15th of November, February, and May

In Oregon, does a property management company require a real estate broker's license?

NO. Oregon is one of the few states that provides for a separate property management license option for property managers. Real estate brokers and salespeople (working under a broker) may also engage in property management. If a property manager is going to (for compensation) lease, rent, list, solicit for prospective tenants, solicit listings of places for rent or lease, or negotiate or attempt to negotiate to perform any of those acts, he or she will need a real estate license or a property managers license.

Are there any exceptions to the requirement that a property manager have a broker's license in Oregon?

YES. For example, non-licensed individuals who are full time employees of a single owner of real estate, are exempt as to the property owned if the activity is incidental to the employee's normal, non real estate activities. For more information about these and other Oregon property management requirements and exceptions, please contact the Oregon Real Estate Agency. Before hiring a property manager to manage your Oregon rental property, you should always check that he or she is licensed appropriately. You can check the license status of Oregon property managers using the state's Licensee Search webpage.

Do you need a broker's license to manage community associations in Oregon?

NO. A broker's license is not required to manage community associations or condo associations in Oregon.

Real Estate Broker Requirements

Oregon real estate broker licensing requirements include: - Age: must be at least 18 years old - High School: must have a high school diploma or equivalent - Trustworthiness: good moral character; must submit fingerprints and criminal background check - Education: must submit evidence of successful completion of 150 hours of required pre-license education - Exam: must pass the broker examination

Real Estate Salesperson Requirements

How do property ownership transfers work in ?

Warranty or bargain-and-sale deed

Sustainability Resources

The Real Estate industry is one of the most environmentally damaging industries in the world accounting for:
30%
of total carbon dioxide
40%
of all energy
40%
of all raw materials
Our goal is to give you the resources you need to take sustainable action in improving, building, retrofitting and revamping your home. The impacts are real, the benefits significant, and the need critical. Join us in bringing sustainability home and creating a brighter future for all, starting with you.

Save money and do the world a favor!
Here's a list of Sustainability Initiatives in the area:

WaterSense Webinars

WaterSense, a subset of the US EPA, puts on sustainability webinars that have different focuses.

Volunteer with 4Ocean

4Ocean offers volunteer opportunities for those looking to join one of their ocean clean-up events/groups.

Paint Drop-Off Locations - PaintCare Inc.

PaintCare makes it easy to recycle leftover, unwanted paint. PaintCare operatespaint stewardship programs on behalf of paint manufacturers in states that have passed paint stewardship laws.