What is a Quitclaim Deed in Oregon?
In Oregon, a quitclaim deed is used to transfer property from an owner (“Grantor”) to a new owner (“Grantee”), without any promises or guarantees about the property’s title. It conveys the Grantor’s interest in the property as of the deed’s date but doesn’t cover any interests gained after that date.
Quitclaim deeds are a quick way to transfer property but they offer the lowest security among real estate deeds in Oregon.
The most common use of quitclaim deeds is between parties with high levels of trust, such as family members or close friends.
What is the Difference Between a Quitclaim Deed and a Warranty Deed in Oregon?
The main difference between quitclaim deeds and warranty deeds in Oregon is that a quitclaim deed provides less security to the Grantee.
A warranty deed provides legal protection to the new owner because it confirms that the Grantor owns the property and has the right to make a transfer. Warranty deeds are mostly used for real estate transactions in Oregon. Quitclaim deeds, on the other hand, are used for transfers between family and friends.
Bargain and Sale Deed
In Oregon, bargain and sale deeds are similar to quitclaim deeds as they transfer property without guaranteeing the title. However, unlike a quitclaim deed, a bargain and sale deed also includes any new interests that the Grantor may gain after the deed is transferred.
How Do Quitclaim Deeds Work in Oregon?
Laws surrounding quitclaim deeds are found in Chapter 93 of the Oregon Revised Statutes, titled Conveyancing and Recording.
Oregon laws provide the sample language to be used in a quitclaim deed. It must state that the Grantor intends to “release and quitclaim” the property to the Grantor. The term “convey” is not used in an Oregon quitclaim deed as it implies warranty.
Once prepared, the quitclaim deed must be filed at the Clerk’s Office in the county where the property is located.
Can You Prepare Your Own Quitclaim Deed in Oregon?
You can prepare your own quitclaim deed in Oregon. A professional drafter is not legally required.
Oregon Quitclaim Deed Requirements
For the quitclaim deed to be legally valid in Oregon, it must follow certain state-specific rules.
Formatting Requirements
Formatting requirements for quitclaim deeds in Oregon include:
- Paper size: maximum legal size (8.5 x 14).
- Font: minimum of 10 points.
- Text: legible and photocopiable.
- Paper quality: Printed on high-quality, non-bleed-through paper suitable for photocopies.
- Top margin: Leave 4×2 inches on the right of first-page for Recorder.
Content Requirements – First Page
The first page of an Oregon quitclaim deed must contain the following:
- Grantor’s name and address.
- Grantee’s name and address.
- The title “Quitclaim Deed.”
- Return name and address.
- Consideration clause.
- The quitclaim deed must state the “true and actual consideration” exchanged for the property.
- This includes the cash amount paid for the property or the value of the property at the time of transfer.
- If money is not exchanged, any financial obligations related to the property (such as mortgages or loans) must be mentioned.
- If the transfer is based on a non-cash exchange (such as a promise or asset), the exact value is not necessary; however, it must be mentioned here.
- Name and address for future tax statements under the following form:
“Until a change is requested, all tax statements shall be sent to the following address:”
Standard Content Requirements
The following items must also be included in an Oregon quitclaim deed:
- Property address.
- Property’s legal description.
Use one or more of the following to describe the property:- Subdivision name (lot/block).
- Metes and bounds description.
- Book and page of a recorded deed.
- Mandatory Statements for Instruments of Conveyance.
The following statement must be inserted into the quitclaim deed following the land description:
“BEFORE SIGNING OR ACCEPTING THIS INSTRUMENT, THE PERSON TRANSFERRING FEE TITLE SHOULD INQUIRE ABOUT THE PERSON’S RIGHTS, IF ANY, UNDER ORS 195.300 (Definitions for ORS 195.300 to 195.336), 195.301 (Legislative findings) AND 195.305 (Compensation for restriction of use of real property due to land use regulation) TO 195.336 (Compensation and Conservation Fund) AND SECTIONS 5 TO 11, CHAPTER 424, OREGON LAWS 2007, SECTIONS 2 TO 9 AND 17, CHAPTER 855, OREGON LAWS 2009, AND SECTIONS 2 TO 7, CHAPTER 8, OREGON LAWS 2010. THIS INSTRUMENT DOES NOT ALLOW USE OF THE PROPERTY DESCRIBED IN THIS INSTRUMENT IN VIOLATION OF APPLICABLE LAND USE LAWS AND REGULATIONS. BEFORE SIGNING OR ACCEPTING THIS INSTRUMENT, THE PERSON ACQUIRING FEE TITLE TO THE PROPERTY SHOULD CHECK WITH THE APPROPRIATE CITY OR COUNTY PLANNING DEPARTMENT TO VERIFY THAT THE UNIT OF LAND BEING TRANSFERRED IS A LAWFULLY ESTABLISHED LOT OR PARCEL, AS DEFINED IN ORS 92.010 (Definitions for ORS 92.010 to 92.192) OR 215.010 (Definitions), TO VERIFY THE APPROVED USES OF THE LOT OR PARCEL, TO DETERMINE ANY LIMITS ON LAWSUITS AGAINST FARMING OR FOREST PRACTICES, AS DEFINED IN ORS 30.930 (Definitions for ORS 30.930 to 30.947), AND TO INQUIRE ABOUT THE RIGHTS OF NEIGHBORING PROPERTY OWNERS, IF ANY, UNDER ORS 195.300 (Definitions for ORS 195.300 to 195.336), 195.301 (Legislative findings) AND 195.305 (Compensation for restriction of use of real property due to land use regulation) TO 195.336 (Compensation and Conservation Fund) AND SECTIONS 5 TO 11, CHAPTER 424, OREGON LAWS 2007, SECTIONS 2 TO 9 AND 17, CHAPTER 855, OREGON LAWS 2009, AND SECTIONS 2 TO 7, CHAPTER 8, OREGON LAWS 2010.”
Who Signs a Quitclaim Deed in Oregon?
For a quitclaim deed to be legally valid in Oregon, it must be signed by the Grantor. The Grantor’s signature must be acknowledged by a notary public or an authorized officer.
How to File a Quitclaim Deed in Oregon
Here’s how to file a quitclaim deed in Oregon:
- Prepare the quitclaim deed with the information required.
- First Page Requirement.
- Ensure the first page of the deed has all the required information. If it is excluded, the County Clerk will add a cover sheet for an extra $5.00 charge.
- If the information necessary for the first page is not available, the clerk may accept the deed with a $20.00 non-compliance fee.
- Once the quitclaim deed is signed, ensure that it is acknowledged before a notary public.
- Finally, the quitclaim deed must be filed at the Clerk’s Office in the county where the property is located.
How Much Does it Cost to File a Quitclaim Deed in Oregon?
Oregon law sets the minimum charge for filing a quitclaim deed at $5 per page. However, the actual filing fees charged by counties can vary and are often higher.
For instance, in most counties, the fee for recording the first page ranges from $86 to $110, with each additional page costing $5.
What Taxes Are Owed on Quitclaim Deeds in Oregon?
With the exception of Washington County, in Oregon, transfers of property using a quitclaim deed are not subject to real estate transfer taxes.
Washington County Transfer Tax.
- A tax of $1 per $1,000 of consideration is levied on the transfer of title to real property.
- Many transfers that are typically filed using quitclaim deeds are exempt from the Washington County transfer tax, including:
- Low-value transfers (consideration $13,999 or less).
- Transfer made as gifts.
- Transfers related to inheritance.
- Court-ordered transfers between spouses (during marriage or divorce).
How Long Does a Quitclaim Deed Take to be Recorded in Oregon?
The time it takes to record a quitclaim deed in Oregon typically does not exceed ten business days. Oregon law requires the county clerk to return the recorded instrument to the name and address provided for returns within ten business days from the date of recordation, excluding days when the office is closed.
What Happens After a Quitclaim Deed is Recorded in Oregon?
Once presented to the County Clerk’s Office, the quitclaim deed will be reviewed to ensure compliance with Oregon’s recording statutes. If there are any issues, the deed will be returned with information on what is wrong.
If prepared correctly, the County Clerk’s Office will scan and process the deed. An index will be created so that the deed can be retrieved as part of the county’s permanent public record.
How Long Are Quitclaim Deeds Valid For in Oregon?
There is no expiration for quitclaim deeds in Oregon. However, the statute of limitations to recover property in the state is 10 years.
Sources
- 1 O.R.S. § ORS 93.865 (2)
-
A deed in the form of subsection (1) of this section shall have the effect of conveying whatever title or interest, legal or equitable, the grantor may have in the described property at the date of the deed but shall not transfer any title or interest which the grantor may thereafter obtain nor shall it operate as an estoppel.
- 2 O.R.S. § 93.850 (2)
-
A deed in the form of subsection (1) of this section shall have the following effect: (a)It shall convey the entire interest in the described property at the date of the deed which the deed purports to convey…
- 3 O.R.S. § 93.860 (2)
-
A deed in the form of subsection (1) of this section shall have the following effect:
(a)It shall convey the entire interest in the described property at the date of the deed which the deed purports to convey..
- 4 O.R.S. § ORS 93.865 (1)
-
Quitclaim deeds may be in the following form: Grantor, releases and quitclaims to Grantee, all right, title and interest in and to the following described real property..
- 5 O.R.S. § 205.130
-
County clerk shall: (1)Have the custody of, and safely keep and preserve, all files and records of deeds and mortgages of real property and a record of all maps, plats, contracts, powers of attorney and other interests affecting the title to real property..
- 6 Formatting - Paper and Font
-
Except as provided in ORS 205.327.. a county clerk shall not accept any instrument for recording unless the text of the instrument is typed, written or printed in 8-point type or larger on paper that is not larger than 14 inches long and 8-1/2 inches wide and which paper is of sufficient quality for recording photographically..
b) OR HB2029 (2023)
Relating to instruments presented for recording to county clerk; creating new provisions; and amending ORS 205.232.. a county clerk shall not accept any instrument for recording unless the text of the instrument is typed, written or printed in [8-point] 10-point type ..
- 7 Formatting - Margins
-
a) O.R.S. § 205.236 (1)
An instrument required or permitted by law to be recorded shall be clearly labeled in sufficient detail to enable the clerk to record the instrument in the appropriate record.
b) Multnomah County – Recording Requirements
There must be enough space for the recording sticker (4″ x 2″) to be placed on the first page of the document (preferably in the upper right-hand corner) (ORS 205.236)..
- 8 O.R.S. § 205.234
-
Requirements for first page of instruments to be recorded. (1)When an instrument is presented to a county clerk for recording, the first page of the instrument must contain at least: (a)The names of the transactions.. The names of the persons.
- 9 O.R.S. § 93.030 (1)(2)
-
As used in this section, “consideration” includes the amount of cash and the amount of any lien, mortgage, contract, indebtedness or other encumbrance existing against the property… (2) All instruments conveying or contracting to convey fee title to any real estate, and all memoranda of such instruments, shall state on the face of the instruments the true and actual consideration paid for the transfer..
- 10 O.R.S. § 93.260 (1)
-
All instruments prepared for the purpose of conveying or contracting to convey fee title to any real estate shall contain on the face of such instruments a statement in substantially the following form: “Until a change is requested, all tax statements shall be sent to the following address:”
- 11 O.R.S. § 93.600
-
Description of real property for purposes of recordation. Unless otherwise prescribed by law, real property shall be described for recordation by giving the subdivision according to the United States survey when coincident with the boundaries thereof, or by lots, blocks and addition names..
- 12 Mandatory Statement
-
Mandatory statements for sales agreements, earnest money receipts or other instruments for conveyance of fee title to real property. The following statement shall be included in the body of an instrument transferring or contracting to transfer fee title to real property…
b) R.S. § 93.865 (1)
Quitclaim deeds may be in the following form.. in and to the following described real property: (Describe the property conveyed.) (Following description of property, here insert statement required under ORS 93.040 (Mandatory statements for sales agreements..
- 13 Execution and acknowledgment
-
Conveyances of lands, or of any estate or interest therein, may be made by deed, signed by the person of lawful age from whom the estate or interest is intended to pass, or by the lawful agent or attorney of the person..
Execution and acknowledgment of deeds. Except as otherwise provided by law, deeds executed within this state, of lands or any interest in lands therein, shall be signed by the grantors and shall be acknowledged before any judge of the Supreme Court, circuit judge, county judge, justice of the peace or notary public within the state…
- 14 O.R.S. § 205.327
-
Penalty for presenting nonstandard instruments for recording. When an instrument required or permitted by law to be recorded is presented to a county clerk for recording, if the instrument does not comply with the requirements .. the county clerk shall record the instrument but shall charge and collect in advance a penalty of $20.
- 15 O.R.S. § 205.320 (1)(d)(a)
-
(a)For recording any instrument required or permitted by law to be recorded, $5 for each page, but the minimum fee shall not be less than $5. As used in this subparagraph, “page” means one side of a sheet 14 inches, or less, long and 8-1/2 inches, or less, wide.
- 16 County Recording Fees
-
Fee Schedule for 1st page of document – $110. Subsequent pages are $5.00 each.. Land Corner Preservation Fund -$10; Processing Fee: $10; Oregon Land Information Fund
GIS – Geographic Information System Fund $19..
Recording Fees. Fees are based on a one-sided, one-page document. Deed: $87; Each additional page of a document – $5.
- 17 O.R.S. § 306.815
-
Tax on transfer of real property prohibited. (1)A city, county, district or other political subdivision or municipal corporation of this state shall not impose, by ordinance or other law, a tax or fee upon the transfer of a fee estate in real property..
Source Link - 18 Washington County, Transfer Tax
-
Transfer tax is charged on each transfer of real property located within Washington County.”Transfer of real property” includes every sale, quitclaim, contract for sale, or other transfer of title to real property. The tax is one dollar per thousand dollars of the selling price..
Source Link - 19 O.R.S. § 205.238
-
Return of instrument after recordation. In every county, the county clerk shall return any instrument presented for recording to the person authorized to receive the instrument. The county clerk shall return the instrument by personally delivering or mailing the instrument not later than the 10th business day, not counting days on which the recording office is closed, after the date of recordation.
Source Link - 20 Statute of Limitations
-
Action to recover real property. An action for the recovery of real property, or for the recovery of the possession thereof, shall be commenced within 10 years…
b) R.S. § 12.040 (1)
A suit shall only be commenced within the time limited to commence an action as provided in this chapter; and a suit for the determination of any right or claim to or interest in real property shall be deemed within the limitations provided for actions for the recovery of the possession of real property..