North Carolina Rental Agreement Templates

North Carolina Rental Agreement

North Carolina rental agreements are contracts to be used between a landlord and tenant for commercial or residential property. The document allows the negotiated terms to be made in regard to the monthly rental payment ($), security deposit, term, utilities, and any other item to be agreed upon. Once the form is signed it is legally binding until the contract’s end date.

North Carolina Residential Lease Agreement

The North Carolina residential lease agreement (“rental agreement”) outlines the conditions agreed upon by a landlord and tenant for the residential use of real estate. The contract will include the length of the agreement (”term”), the payment amount (”rent”), as well as the obligations of the tenant while leasing the property. 

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North Carolina Month-to-Month Rental Agreement

North Carolina month-to-month rental agreement, or a “tenancy at will”, is common among tenants that have over-extended their one year lease, or for those looking for a short term arrangement. This type of contract allows either party to change the terms of the contract with at least seven (7) days’ written notice to the other party (usually done through a courier service or a certified letter). As long as the tenant pays rent on time, the contract extends for another thirty (30) days.

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North Carolina Rental Application Form

The North Carolina rental application form is a standardized document that is in compliance with the Federal Fair Housing Act. It allows a landlord to screen tenants and choose the best person to rent or lease a property. This form gives landlords access to criminal, credit, and other background information. 

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North Carolina Roommate Agreement

A North Carolina Roommate Agreement delivers a method for solidifying roommate arrangements in relation to a shared living situation. The act of signing this document will serve as proof as to what terms a roommate has agreed to at the time the living arrangement was entered into.

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North Carolina Commercial Lease Agreement 

A North Carolina commercial lease agreement is a legal document that details all provisions regarding the leasing of industrial, retail, and office space. The two parties involved, a business entity (the tenant) and a landlord, can discuss the terms and conditions relayed within the form prior to signing to ensure that each party is satisfied with the division of costs and responsibilities.

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North Carolina Disclosures

Lead-Based Paint Disclosure – Federal law requiring all landlords and managers of residential units constructed prior to 1978 to fit their tenants with this disclosure document. Must be signed by every mentioned lessee in the rental contract.

Security Deposit Receipt (§ 42-50) – If the landlord elects to obtain a security deposit from the tenant, they will be obligated, within thirty (30) days of receiving, to provide the name and address of the financial institution of where it’s being held. Furthermore, it must be located in a trust account in a licensed financial institution located in North Carolina. As an alternative, the landlord may furnish a bond for the security deposit amount from an insurance company licensed to conduct business in the State.

North Carolina Security Deposits

Maximum (§ 42-51) – For month to month tenancies only one and a half (1.5) months’ rent. If longer then the lessor may charge up to two (2) months’ rent.

Returning (§ 42-52) – After the tenant has vacated the premises and delivered possession to the landlord they may receive their deposit within thirty (30) days. If there is damage to the premises the landlord may send a notice within the thirty (30) day period suggesting that an additional thirty (30) days is needed to estimate for the repairs.

These resources are for informational purposes only and should not be construed as legal advice. Landlords and Tenants are encouraged to seek specific legal advice for any of the issues as found in this blog.

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