North Carolina rental/lease agreements

The free North Carolina rental and lease agreement template is used to establish a real estate lease agreement between a lessor and a party that is willing to pay rent. Normally, a potential tenant inspects the property and decides if it is to their liking. Once approved they will complete a rental application that allows the landlord to determine their income and background information. When a contract is signed by the landlord and tenant, it becomes enforceable in court. 

North Carolina rental/lease agreement templates

North Carolina rental/lease agreements

There are 6 basic types of North Carolina lease agreements

Commercial Rental Lease Agreement  – A type of lease agreement that’s used to rent out a property that’s being used for commercial purposes. This type of rent agreement is more open to negotiation than a standard residential lease.

Monthly Rental lease Agreement – This type of tenancy may be canceled by the occupant and is required to provide a minimum of seven days’ notice. The rent is renewable every month until it’s canceled in writing § 42-14,

Rent-to-Own Rental Agreement – A lease that allows the occupant to purchase the dwelling on agreed terms with the property owner. The negotiations about the price may take place at the start of the agreement or when the option to purchase has been exercised. 

Roommate Lease Agreement – For creating an accord between occupants of a shared housing arrangement over the upkeep of the dwelling

Standard Residential Rental Contract– This is a common residential tenancy with a start and end date that usually lasts for one year.

Sublease Rental Contract – The act of a tenant re-renting their space to a new tenant for the remainder of the lease period. It comes in two options; a commercial sublease and a residential sublease.

Two disclosure requirements

Lead-Based Paint Information – Mandated by law that all lessors of properties built before 1978 furnish their occupants with this information. The document is required to be signed by all lessees stated in the lease agreement.

Receipt – If the lessor chooses to collect a security deposit from the occupant, they are required within thirty days to provide details of the bank where the funds are stored. In addition, the licensed bank has to be situated in North Carolina, and monies are deposited in a trust account. The property owner may alternatively provide a bond for the funds from an insurance company that is duly registered to conduct business in North Carolina under § 42-50.

Access to property

No law requires lessors to give notice before accessing their property.

Money deposited as security

Maximum – For monthly tenancies, only one and a half months’ rent may be required. If more than this period, the lessor may demand a maximum of two months’ rent under § 42-51.

Returning – The lessor must return all the deposits to the lessee within thirty days after they exit the property. If damages were done to the dwelling, the lessor may issue a notification within thirty days stating for an additional thirty days period to produce an estimation for repair work under § 42-52.

Download our free North Carolina rental/lease agreements in an instant to create a legally binding document.

Download our free North Carolina rental/lease agreements in an instant to create a legally binding document.

Related Forms