NC Real Property Specialist Practice Questions - NC State Bar Certified Specialist - Real Property Law (Residential & Business) Exam

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A North Carolina commercial lease has a primary term of two years with two three-year renewal options, making the potential total term eleven years. To protect the tenant's leasehold against a subsequent purchaser of the property, what should the attorney do?

Nothing, because possession by the tenant gives constructive notice to all buyers File the full lease with the clerk of superior court Send written notice of the lease to the seller's title insurer Record a memorandum of lease with the register of deeds, because the term exceeds three years

Correct Answer:

Record a memorandum of lease with the register of deeds, because the term exceeds three years

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