ORS 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. [2005 c.542 §15]