Question 1

How do I secure a real-estate contract in Lexington?

Accepted Answer

Record a memorandum of contract in the Lexington real-property records. It puts the public on notice of your equitable interest so the seller can’t cleanly sell to someone else. Notarized online, recorded with the county, and returned to you.

Question 2

Does Lexington allow electronic recording of a memorandum?

Accepted Answer

Lexington supports electronic recording (via Simplifile, CSC, ePN), so a compliant memorandum can be on record quickly.

Question 3

What does it cost to record a memorandum in Lexington?

Accepted Answer

One flat price that includes the county fee ($15.00 deeds (+ documentary/deed tax: state $1.30/$500 + county $0.55/$500, consideration rounded up to nearest $500); $25.00 mortgages/easements/leases/contracts/other; $10.00 affidavits/liens/releases first / Per official fee schedule PDF at lex-co.sc.gov (ROD/FeeSchedule.pdf) - contact office/download PDF for exact per-page and records-management rider amounts add'l (+Records management/archive rider fees included in official fee schedule PDF (not itemized in this search); affidavit of true consideration required for taxable/exempt transfers effective 3/1/2018)), your online notary session, and tracking to a recording number.

Memorandum filing isn't available in South Carolina yet