47E-3. Definitions.
When used in this Chapter, unless the context requires otherwise, the term:
(1) "Owner" means each person having a recorded present or future interest in real estate that is identified in a real estate contract subject to this Chapter; but shall not mean or include the trustee in a deed of trust, or the owner or holder of a mortgage, deed of trust, mechanic's or materialman's lien, or other lien or security interest in the real property, or the owner of any easement or license encumbering the real property.
(2) "Purchaser" means each person or entity named as "buyer" or "purchaser" in a real estate contract subject to this Chapter.
(3) "Real estate contract" means a contract for the transfer of ownership of real property by the means described in G.S. 47E-1.
(4) "Real property" means the lot or parcel, and the dwelling unit(s) thereon, described in a real estate contract subject to this Chapter. (1995, c. 476, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 47E - Residential Property Disclosure Act
§ 47E-4 - Required disclosures.
§ 47E-4.1 - Required mineral and oil and gas rights disclosures.
§ 47E-5 - Time for disclosure; cancellation of contract.
§ 47E-6 - Owner liability for disclosure of information provided by others.
§ 47E-7 - Change in circumstances.
§ 47E-9 - Rights and duties under Chapter 42, landlord and tenant, not affected during lease.