North Carolina General Statutes 160D-1011. Recordation
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The developer shall record the agreement with the register of deeds in the county where the property is located within 14 days after the local government and developer execute an approved development agreement. No development approvals may be issued until the development agreement has been recorded. The burdens of the development agreement are binding upon, and the benefits of the agreement shall inure to, all successors in interest to the parties to the agreement. ?(2019-111, s. 2.4; 2020-3, s. 4.33(a); 2020-25, s. 51(a), (b), (d).)
Terms Used In North Carolina General Statutes 160D-1011
- Developer: A person, including a governmental agency or redevelopment authority, who undertakes any development and who is the landowner of the property to be developed or who has been authorized by the landowner to undertake development on that property. See North Carolina General Statutes 160D-102
- Development: Any of the following:
- Local government: A city or county. See North Carolina General Statutes 160D-102
- Property: All real property subject to land-use regulation by a local government. See North Carolina General Statutes 160D-102