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N.C. Gen. Stat. § 47-119.1

Memorandum for contract to purchase real estate

Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
A contract to convey real estate may be registered by registering a memorandum thereof which shall set forth all of the following:
A contract to convey real estate may be registered by registering a memorandum thereof which shall set forth all of the following:
(1) The names of the parties thereto.
(1) The names of the parties thereto.
(2) A description of the property which is subject to the contract.
(2) A description of the property which is subject to the contract.
(3) The expiration date of the contract.
(3) The expiration date of the contract.
(4) Reference sufficient to identify the complete agreement between the parties.
(4) Reference sufficient to identify the complete agreement between the parties.The memorandum may be in substantially the following form:
The memorandum may be in substantially the following form:
NORTH CAROLINA __________________ COUNTY ____________________________________________________________ (Name and address of person contracting to sell real estate) and ____________________________________________________________ (Name and address of person contracting to purchase real estate) have entered into a contract to sell and purchase the following property: ______________________________________________________________________________ (Here describe property) This contract provides for a closing date of the ________ day of ________, ________. The provisions set forth in a written contract to convey real estate 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) [Acknowledgement notarial certificate by all parties, as provided by applicable law in order to register in the office of the register of deeds of the county in which the property is located.] The titles of the contract and the parties thereto, as contained in the original written contract, may be substituted in lieu of the above references.
NORTH CAROLINA COUNTY (Name and address of person contracting to sell real estate) and (Name and address of person contracting to purchase real estate) have entered into a contract to sell and purchase the following property: (Here describe property) This contract provides for a closing date of the day of,. The provisions set forth in a written contract to convey real estate 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) [Acknowledgement notarial certificate by all parties, as provided by applicable law in order to register in the office of the register of deeds of the county in which the property is located.] The titles of the contract and the parties thereto, as contained in the original written contract, may be substituted in lieu of the above references.
History
(2011-351, s. 1.)

Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.