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§ 47-119 - Form of memorandum for option to purchase real estate.

NC Gen Stat § 47-119 (2019) (N/A)
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47-119. Form of memorandum for option to purchase real estate.

An option to purchase real estate may be registered by registering a memorandum thereof which shall set forth:

(1) The names of the parties thereto;

(2) A description of the property which is subject to the option;

(3) The expiration date of the option;

(4) Reference sufficient to identify the complete agreement between the parties.

Such a memorandum may be in substantially the following form:

In consideration of , the receipt__________________________________________________

This option shall expire on the ________ day of ________________, ______.

The provisions set forth in a written option agreement between the parties dated the ________ day of _______________, _______, are hereby incorporated in this memorandum.

Witness our hand(s) and seal(s) this _______ day of ______________, ______

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§ 47-118 - Forms of registration of lease.
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§ 47-119.1 - Form of memorandum for contract to purchase real estate.