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2011 North Carolina General Statutes
Chapter 41 Estates.
Article 3 - Time Limits on Options in Gross and Certain Other Interests in Land.
41-30. Leases to commence in the future.


NC Gen Stat § 41-30 What's This?

41‑30. Leases to commence in the future.

A lease to commence at a time certain or upon the occurrence or nonoccurrence of a future event becomes invalid if its term does not actually commence in possession within 30 years after its execution. For purposes of this section, the term "lease" does not include an oil, gas, or mineral lease. (1995, c. 525, s. 1.)

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