Ball Morse Lowe Blog

Oklahoma’s Residential Real Estate Disclosure Act

by David Morse on February 7, 2019

If you are buying or selling a home, the transaction is subject to the Residential Property Condition Disclosure Act found at 16 O.S. Sec. 831, which provides for a disclosure of defects to the property (the “Act”). The Act is an exception to the common law rule of “caveat emptor” or “buyer beware.”

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Transfer on Death Deeds: The Beneficiary Affidavit

by Jennifer L. Fischer on February 20, 2018

Practitioners now have the benefit of The Non-Testamentary Transfer of Property Act, which provides an approved form for Transfer on Death Deeds. See 58 O.S. § 1253 (OK 2016).

Once the practitioner has drafted the Transfer on Death Deed in accordance with the statutory form, and determined that the client’s present situation is one contemplated by the Act, the hurdle to overcome is the beneficiary affidavit requirement.

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