Lease Agreements by Type
North Carolina Residential Lease
Residential Lease Agreement North Carolina
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Rent out your property in North Carolina with this NC residential lease agreement template.
Use Residential Lease Agreement North CarolinaNorth Carolina Lease to Purchase
The agreement serves as a comprehensive legal document that combines leasing and the option to purchase a property within the state.
North Carolina Room Rental
The agreement outlines the specific terms and conditions for renting out a room in a residential property.
North Carolina Apartment Lease
The agreement is a legal contract stating the terms, conditions, and responsibilities of both landlord and tenant for renting an apartment in accordance with North Carolina state regulations.
Understanding North Carolina Rental Laws
This state is landlord-friendly, as there are a few restrictions you have to remember. While a verbal agreement can be used for a lease, any rental that lasts longer than 12 months is required to have a written contract. The following information must also be present in the document.
Rent and Payment Terms in North Carolina
There’s no rent control policy in the state, so that landlords can charge any rental amount. However, late rental payments have a five-day grace period where the landlord can’t charge late fees. On the sixth day, the landlord can send the tenant a 10-day notice to quit, which starts the eviction process.
Weekly leases have a late fee limit of $4, while monthly leases have a late fee limit of $15. However, both can also charge 5% of the rental amount instead, whichever is greater.
Security Deposit Regulations in North Carolina
There are some restrictions on how much security deposit the landlord can charge. With month-to-month leases, the security deposit can’t be more than one and a half months’ rent. With week-to-week leases, you can charge a maximum of two weeks’ rent.
Lastly, standard leases lasting longer than two months can have a security deposit of up to two months’ rent. The landlord must return the security deposit within 30 days. However, if there are a few repairs, then they can send a notice that an additional 30 days are required for the repair estimate.
Duration of the Lease in North Carolina
You have to add how long the lease will last and on what terms it operates. Is it a month-to-month, week-to-week, or standard lease? Depending on the type of lease, the termination requirements can also change.
For example, a week-to-week lease requires two days’ notice to terminate it, month-to-month a seven-day notice period and year-to-year leases require a 30-day notice period.
Maintenance and Repairs in North Carolina
The property repairs and maintenance that don’t fall under day-to-day maintenance are the landlord’s responsibility. The tenant can withhold rent with the landlord’s or a court order’s permission if the landlord doesn’t complete agreed-upon repairs to keep the property inhabitable. The landlord is required to complete requested repairs that affect the property’s habitability within a reasonable timeframe.
Additional Clauses for North Carolina
Other crucial clauses you should add are:
- When a party can terminate the lease
- Procedures for a landlord evicting the tenant
- Housing protection clauses
- Whether utilities are included in the rental amount
Legal Considerations and Compliance in North Carolina
There are two primary disclosures this state’s laws require. The first is the federal disclosure on whether the property has lead-based paint or hazards present. The other disclosure is the security deposit receipt. Once the landlord receives the security deposit, they must provide the tenant with a receipt showing the financial institution where the landlord holds the deposit in a trust account.