Oregon guide
Oregon condo resale disclosure review
Oregon does not have a condo-specific resale certificate statute. Unlike states that require an association to assemble a defined resale packet, Oregon imposes no statutory duty on the seller or the association to automatically hand over CC&Rs, the budget, financials, the reserve study, the master insurance policy, or a litigation list.
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The only resale disclosure the law mandates is the general Seller's Property Disclosure Statement (SPDS) under ORS 105.464–105.465, which the seller completes and which carries a buyer's right to revoke within five business days of receiving it. Because the SPDS is seller-completed and not built around association finances, the burden falls on the buyer to request the governing documents and financial records proactively — and to read them before the SPDS revocation window closes.
Oregon has no statutory resale packet — the SPDS is the floor
Oregon's Condominium Act (ORS Chapter 100) and Planned Community Act (ORS Chapter 94) contain no provision requiring the association to deliver a resale disclosure packet to a buyer. The single mandated disclosure on a private resale is the Seller's Property Disclosure Statement under ORS 105.464, which asks the seller whether the property is part of a condominium or HOA, whether dues are owed, and about known material defects — but it is not an association financial disclosure. For new condominium units, the developer must provide a Condominium Information Report filed with the Oregon Real Estate Agency, but that is a first-sale mechanism, not a resale tool. On a resale, treat the SPDS as a floor and assume nothing about the association arrives unless you ask for it.
The five-business-day revocation right
Under ORS 105.464–105.475, the buyer who receives the SPDS has the right to revoke the agreement within five business days by delivering written notice. This is the buyer's principal statutory escape hatch on an Oregon resale, and it runs from delivery of the SPDS — not from receipt of the association documents, which the law does not require to be delivered at all. Because association financials, the reserve study, and the master policy are exactly the documents most likely to reveal a problem, and because they are not automatically furnished, request them early enough that they arrive while the SPDS window is still open. There is no condo-specific cancellation right tied to the HOA documents; your contractual contingencies do the rest.
What you must request proactively
Because no statute compels their delivery, ask for the CC&Rs, bylaws, and rules; the current budget and the most recent year-end financial statement; the reserve study and current reserve balance; the master insurance declarations page (with deductibles); two to three years of board and annual-meeting minutes; any special-assessment notices or ballots; the delinquency rate; and a pending-litigation summary. Oregon law (ORS 94.670 for planned communities) requires the association to maintain records and allow owner inspection on request, but does not obligate the association to volunteer them to a prospective buyer. Make document delivery a contract condition so a refusal or a thin response becomes a negotiating point rather than a post-closing surprise.
Read the SPDS against what you collect
The SPDS is only as good as the seller's knowledge, so read it against the records you gather. An undisclosed pending special assessment, a missing reserve study (which Oregon law requires associations to prepare and update), or a master policy that excludes wildfire or earthquake will not necessarily appear on the SPDS unless the seller knew and disclosed it. Cross-reference the SPDS's dues and assessment answers against the budget and the minutes, and the "material defects" answer against any construction-defect or water-intrusion history — a real Oregon theme in Portland and coastal conversions. The documents only protect you when read together and inside the five-day window.
Oregon legal references
- ORS 105.464 — Seller's Property Disclosure Statement (form; 5-business-day revocation)
- Oregon Real Estate Agency — Condominium/HOA disclosure and filing FAQ
- ORS 94.670 — Planned community association records; owner inspection rights
Informational only. Not legal advice. Always confirm against current statute and counsel.
Need help applying these Oregon statutes to your specific situation? We can connect you with state-licensed counsel and specialists familiar with this exact regulatory environment.
Find a Oregon specialist →Reviewer's checklist
- Confirm you received the Seller's Property Disclosure Statement (ORS 105.464) and calendar the 5-business-day revocation window
- Determine whether the property is a condominium (ORS 100) or a planned community (ORS 94)
- Request the CC&Rs, bylaws, and rules — Oregon does not require automatic delivery
- Request the current budget and most recent year-end financial statement
- Request the reserve study and current reserve balance (Oregon mandates a study and annual update)
- Request the master insurance declarations page and deductible schedule
- Request two to three years of board and annual-meeting minutes
- Ask specifically about any pending special assessment and any association litigation
- Make association-document delivery a contract condition so gaps are negotiable
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Get My Free Risk Report →Source documents
- Declaration & bylawsthe rules
- Budget & financialsthe money
- Reserve studythe big repairs
- Meeting minuteswhat the board fears
Cross-reference
The risk lives in the contradiction between documents.
An assessment in the minutes but not the estoppel; a reserve the budget never funds.
Risk report
Severity-graded across 8 categories.
Every finding cites the document, page number, and quoted text.
How CondoSignal reviews this
We read the reserve study, operating budget, and 24 months of meeting minutes together — oregon condo resale disclosure review risk usually lives in the contradiction between documents, not in any single one of them. Every finding cites the source document, the page number, and the quoted text behind it.
See our 8-category framework →Risk Intelligence
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Related reading
Guides for Oregon buyers and owners
Should I Buy a Condo With Incomplete Resale Documents?
Incomplete resale documents are a red flag of their own near your deadline. Learn what's usually missing and get a free document review.
What to Look for in Condo Documents: A Buyer's Complete Guide
A resale package contains roughly a dozen documents. Learn what each one discloses, what most buyers overlook, and which sections to read closely before you close.
Oregon Condo Building Envelope and Water Intrusion: What Portland Buyers Should Read
Portland has a documented history of condo envelope and water-intrusion litigation. Here is what to read in the documents for buildings built in the late 1990s through the 2000s.
Reading HOA Meeting Minutes Before You Buy: Red Flags to Look For
Meeting minutes often reveal problems before they appear in the resale package summary — deferred repairs, insurance struggles, assessments in formation. Learn the red flags to look for before you buy.
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Reviewed by Kirk Hasley, Founder. Every claim here is checked against current Oregon statute and primary sources, using the same documented review framework we run on every file. Last reviewed June 13, 2026.
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Risk Intelligence
Review the documents before your contingency ends
Most buyers get 7–14 days to review condo documents. Upload the packet — we read the reserve study, budget, minutes, and insurance summary and flag the risks, every finding linked to the exact page. Free.
Expert Matching
Need a real estate lawyer or mortgage specialist?
We can connect you with vetted real estate lawyers, mortgage brokers, and insurance brokers familiar with the specifics of condo and HOA transactions.
- HOA lawyer