North Carolina General Statutes > Chapter 115D > Article 5 – Special Provisions
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Terms Used In North Carolina General Statutes > Chapter 115D > Article 5 - Special Provisions
- Contract: A legal written agreement that becomes binding when signed.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Trustee: A person or institution holding and administering property in trust.