North Carolina § 47-119 Memorandum for option to purchase or convey, right of first refusal, or right of first offer for real estate

North Carolina Statutes

§ 47-119 — Memorandum for option to purchase or convey, right of first refusal, or right of first offer for real estate

North Carolina § 47-119

Ch. 47Probate and Registration

Art. 8Memoranda of Leases and Options

This text of North Carolina § 47-119 (Memorandum for option to purchase or convey, right of first refusal, or right of first offer for real estate) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.C. Gen. Stat. § 47-119 (2026).

Text

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. (1961, c. 1174; 1999-456, s. 59; 2022-64, s. 2(a).)

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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. (1961, c. 1174; 1999-456, s. 59; 2022-64, s. 2(a).)