I am selling real estate that includes a water right. What are my obligations to the buyer?
By law (ORS 537.330), if you are selling real estate that includes any portion of lands described in a water right, then upon accepting an offer you are required to inform the purchaser in writing whether any permit, transfer approval order, or certificate evidencing the water right is available. In addition, as the seller you must deliver any permit, transfer approval order, or certificate to the purchaser at closing, if the permit, transfer approval order or certificate is available.