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A lease option (more formally Lease With the Option to Purchase) is a type of contract used in both residential and commercial real estate.In a lease-option, a property owner and tenant agree that, at the end of a specified rental period for a given property, the renter has the option of purchasing the property.
In general, the owner must make the same offer to the option holder before making the offer to the buyer. The right of first refusal is similar in concept to a call option. A ROFR can cover almost any sort of asset, including real estate, personal property, a patent license, a screenplay, or an interest in a business.
What interests this newsletter is a short provision tacked on to the end of S.B. 382 that gives North Carolina property owners perhaps the nation's strongest protections against local governments ...
The passage of the North Carolina Planned Community Act illustrates the growing power homeowner associations have gained throughout the year. The state law expresses the state's power over the homeowner association. It even describes certain practices in which it must submit to the authority of the county.
North Carolina football did not get its money's worth from its pay game against James Madison. ... Per the contract, the agreement was made effective with a second amendment on Aug. 5, 2020, after ...
These charges can be either a flat fee (e.g., a fixed number of cents per mile, regardless of where or when the travel occurs) or a variable fee based on considerations such as time of travel, congestion levels on a facility, type of road, type and weight of the vehicle, vehicle emission levels, and ability to pay of the owner.
In the 2022 series Security for Sale, The Charlotte Observer and The News & Observer detailed that growth with first-of-its kind precision in North Carolina, where about two dozen large, national ...
Lucas filed suit asserting that the restrictions on the use of his lots was a taking of his property without just compensation. The lower court agreed and awarded Lucas $1,232,387.50 as just compensation for the regulatory taking. The government of South Carolina appealed, and the Supreme Court of South Carolina reversed. [2]