North Dakota Notice of Option for Recording
Overview of this form
The Notice of Option for Recording is a legal document used to provide official notice that an option to purchase exists on a specific parcel of real estate. Unlike recording the entire Option Agreement, this form serves as a concise memorandum of the option, streamlining the process while ensuring that interested parties are aware of the potential purchase rights related to the property.
Form components explained
- Prepared by and return information, including name, company, address, and contact details.
- Identification of the seller(s) and buyer(s) involved in the transaction.
- Description of the property related to the option for purchase.
- Specified duration of the option period, detailing start and end dates.
- Reference to the original option agreement and its date.
- Signature lines for both parties and notarization section confirming execution of the document.
Common use cases
This form should be used when a seller and a buyer have entered into an option agreement allowing the buyer the right to purchase a property but wish to record only the essential details in public records. It is ideal for situations where parties want to safeguard their interests without disclosing all terms of the agreement.
Who needs this form
- Individuals or entities acting as sellers and buyers in a real estate transaction.
- Real estate agents assisting clients in formalizing an option to purchase.
- Attorneys needing a reliable template for their clients' option agreements.
- Anyone looking for a method to conclusively document an option for purchase without revealing all terms to the public.
Steps to complete this form
- Identify and enter the names and addresses of the seller(s) and buyer(s).
- Specify the exact location of the property and attach any necessary exhibits for description.
- Determine the duration of the option and include both start and end dates.
- Reference the original option agreement by including its date in the appropriate section.
- Have all parties sign the document and arrange for notarization as required.
Does this form need to be notarized?
This form must be notarized to be legally valid. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call.
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If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes to avoid
- Failing to attach an exhibit that details the property description.
- Omitting signatures from one or more parties involved.
- Incorrectly noting the start or end dates of the option period.
- Not notarizing the document when required by law.
Why complete this form online
- Convenient access to legally vetted templates, saving time and effort.
- Editability allows users to customize the form to fit their specific needs.
- Secure and reliable service, ensuring that your legal documents are properly formatted and compliant.
