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Current as of January 01, 2023 | Updated by FindLaw Staff
An option to purchase or convey, a right of first refusal, or a right of first offer for real estate may be registered by registering a memorandum that sets forth all of the following:
(1) The names and signatures, executed and notarized, of all of the following:
a. Each record title holder selling the option or right.
b. Each person purchasing the option or right.
(2) A description of the real estate that is subject to the option or right.
(3) The expiration date of the option or right.
(4) The title of the agreement and the parties to it, as contained in the original written contract, or other reference sufficient to identify the complete agreement between the parties.
Cite this article: FindLaw.com - North Carolina General Statutes Chapter 47. Probate and Registration § 47-119. Memorandum for option to purchase or convey, right of first refusal, or right of first offer for real estate - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-47-probate-and-registration/nc-gen-st-sect-47-119/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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