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NC State Extension

Property Transfer Agreements

en Español

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Content on this page concerns written agreements for the transfer of land and business assets, including option agreements and contracts for seller financing of purchases.


Buy-Sell Agreement Template.This template may be used as an educational reference for language used in a limited liability company operating agreement concerning purchase of equity in the entity upon certain events.

Right of first refusal and Option to Purchase. This template may be used as an educational reference regarding situations where one needs to record a right in the chain of title to a tract of real property, to ensure an exercisable option to purchase the tract should it be offered for sale.

Asset Purchase Agreement (Five Year Amortization). This template may be used as an educational reference regarding the purchasing assets from a limited liability company.


Sale and Purchase of Farm Assets. This presentation reviews the process of land and asset transfer, the documents involved, and matters of valuation.

Farming Together AgreementsThis presentation is first delivered at Carolina Farm Stewardship Association annual Sustainable Agriculture Conference, 2019, covers the topic of farm transfer focused on transactions between unrelated individuals. Topics include leases, appraisal, purchase process, sale of going concern business and business valuation, and limited liability companies.


Content loaded to this portal, including narratives, workbooks, and prNC Tobacco Trust Fund logo imageesentations is supported by The North Carolina Tobacco Trust Fund Commission (TTFC) (Grant award 2019-001-16), titled “An Heirs Guide to Farmland”). The workbook “Planning the Future of Your Farm” was supported by a previous TTFC Grant).