California Codes, Civil Code - CIV, Division 2 — Property, Part 2 — Real or Immovable Property, Title 5 — Marketable Record Title, Chapter 4 — Unexercised Options, Section 884.020
Upon the expiration of record of an option to purchase real property, the recorded instrument that creates or gives constructive notice of the option ceases to be notice to any person or to put any person on inquiry with respect to the exercise or existence of the option or of any contract, conveyance, or other writing that may have been executed pursuant to the option.
Notes
Establishes that once an option to purchase real property expires of record, the recorded instrument creating or giving constructive notice of that option no longer gives notice or puts anyone on inquiry about the option’s exercise or existence, or about any contract, conveyance, or other writing executed pursuant to the option.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 884.020 | https://laws.lexinter.net/codes/california/civil-code/division-2/part-2/title-5/chapter-4/section-884-020