Forms Of Ownership Of Real Estate In Oregon

Real estate can be owned in a variety of ways in Oregon.

The most common is called ownership in fee simple. Such an owner may also be referred to as the holder of a fee. This simply means that the person (or group or entity) owns the land, by him or herself, with no other person group or entity having an ownership right currently, or having a right to the land which will pass to them at some point in the future.

What is a Life Estate?

Monday, November 11, 2019

    A life estate is created when someone gives the current rights to real estate to a third party (or retains these rights themselves), while giving the rights to that same piece of property to someone else after the holder of the current rights passes on.