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North Carolina Department of RevenueDIRECTIVESubject: Tax: Law: Issued By: Date: Number:Real Property Contracts Sales and Use Tax N.C. Gen. Stat. 105164.3(33e), 105164.4(a)(13), & 105164.4H Sales
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How to fill out real property contracts

01
Start by obtaining a copy of the real property contract form.
02
Read the contract form carefully to understand the terms and conditions.
03
Fill in the necessary personal information, such as your name, address, and contact details.
04
Provide detailed information about the property being sold or transferred, including its address, size, and any relevant legal descriptions.
05
Include information about the purchase price or transfer value.
06
Specify the payment terms and any applicable financing arrangements.
07
Include any additional terms and conditions, such as contingencies or seller disclosures.
08
Review the completed contract thoroughly to ensure accuracy and clarity.
09
Sign the contract and have all parties involved in the transaction sign as well.
10
Make copies of the signed contract for all parties involved and keep the original document in a safe place.

Who needs real property contracts?

01
Real estate agents who assist in buying or selling properties.
02
Buyers and sellers of residential, commercial, or industrial properties.
03
Real estate investors who purchase properties for investment purposes.
04
Builders and developers involved in property construction or development projects.
05
Landlords and tenants entering into lease agreements for real property.
06
Mortgage lenders and borrowers involved in mortgage transactions.
07
Government entities and agencies involved in property acquisitions or transfers.
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Real property contracts are legal agreements between parties regarding the sale, purchase, or lease of real estate.
It depends on the jurisdiction, but typically buyers, sellers, and real estate agents are required to file real property contracts.
Real property contracts should be filled out accurately and completely, including all relevant information about the property, parties involved, terms of the agreement, and signatures.
The purpose of real property contracts is to outline the terms and conditions of a real estate transaction to protect the interests of all parties involved.
Real property contracts must include details such as the property address, purchase price, financing terms, closing date, and any contingencies.
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