North Carolina General Statutes § 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:


__________________ COUNTY

In consideration of , the receipt_________________________________________________

                                                                                    (Set out consideration)

of which is hereby acknowledged, __________________________________________________

                                                                     (Name and address of person selling option)

does hereby give and grant to _____________________________________________________

(Name and address of person buying option)

the right and option to purchase the following property:

(Here describe property)

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 ______________, ______

                                                                        _____________________________________ (Seal)

                                                                        _____________________________________ (Seal)

 (1961, c. 1174; 1999-456, s. 59.)

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Last modified: March 23, 2014