Thursday, 20 November 2014

Does a commercial lease in North Carolina with a term of 5 years have to be recorded in order for it to be enforced in the event the contrac...

Question

Does a commercial lease in North Carolina with a term of 5 years have to be recorded in order for it to be enforced in the event the contract is broken?



Answer

All leases in NC for over 3 years must be recorded to be enforceable. However if both parties admit to the lease, it can be enforceable.



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