This Standard lease agreement in NC is ideal for property owners in the state of North Caroline. This template already includes all the information required by the State of North Carolina. Once all parties have signed this rental lease agreement form in NC the terms set forth will become a binding contract between the parties.
This Lease Agreement (hereinafter referred to as the “Agreement”) is made on (enter the date), by and between:
[Landlord.LastName] (hereinafter referred to as "Landlord") and
[Tenant.LastName] (hereinafter referred to as "Tenant").
HEREINAFTER, the Tenant agrees to lease the Premises from the Landlord and agrees to the following terms and conditions:
The Landlord hereby leases the property located at: (insert property address) (the “Premises”) to the Tenant for the period of this agreement.
Residence type: (insert type of residence and its designated use, i.e. residential, commercial, etc.).
This lease shall be considered a:
Fixed lease. The Tenant shall be allowed to occupy the Premises starting on (insert lease start date) and ending on (insert least end date) (the “Lease Term”).
Month-to-Month lease. The Tenant shall be allowed to occupy the Premises starting on (insert lease starting date) on a month-to-month agreement. If either party wishes to terminate the lease they are required to provide no less than (enter the number of days) days written notice.
At the end of the Lease Term stated in this agreement, the Tenant:
Can continue to occupy the Premises on a month-to-month basis, under the same terms and conditions as this Agreement. If either party wishes to end the agreement, they are required to give (number of days) days written notice.
Must vacate (leave) the Premises.
Must sign a new lease agreement with the Landlord.
Rent is usually calculated on a per-month basis. However, you can adjust the period to weekly or bi-weekly if that suits your requirements.
Tenant agrees to pay the Landlord a monthly installment of $ (insert amount) (the “Rent) in advance, not later than the 1st day of each calendar month.
Payments may be made via (insert accepted payment methods). Payments shall be made to the Landlord at Landlord's address as set forth below:
Landlord Banking Address: (Insert Banking details)
There are three different ways you can calculate late fees. You can charge a flat fee, a percentage of the monthly rent, or you can charge for each day that the rent is late, i.e. $5/ every day late.
If Rent is not paid by the due date, the Tenant will be charged a fee of $ (insert amount) as a one-time payment. If rent is not paid within (insert amount) day(s) after the due date it will be considered late.
Normal wear and tear include small holes for painting, minor chips or scratches, faded wallpaper or paint, faded carpets, mildly scuffed wooden floors, and doors sticking. The security deposit cannot be used to repair these damages.
As part of this Agreement, the Tenant will deposit the sum of $ (insert amount) with the Landlord as a security deposit for any damage caused to the Premises during the term hereof. The Tenant is required to pay the Security Deposit upon the execution of this Agreement and before taking occupancy of the Property.
The security deposit will be administered in accordance with North Carolina General Statutes, § 42 – 50, et. seq. The deposit may, at the discretion of the Landlord, be deposited into an interest-bearing bank account, listed below. Any interest earned on the security deposit will accrue for the benefit of, and will be paid to, the Landlord.
Bank Account: (Enter interest-bearing account details)
The Landlord will refund the tenant the entirety of the security deposit, less any funds retained to cover unpaid amounts due to the Landlord under this agreement within 30 days. The Landlord will also provide an itemized statement if any part of the security deposit is used to cover owed fees or repair damages to the property.
The Landlord will not charge the cost of repair or cleaning unless necessitated beyond the ordinary wear and tear on the Property against the security deposit.
If the security deposit needs to be used for repairs exceeding normal wear and tear, you should document these damages with photos. You should also keep receipts of all repairs made and submit them with the balance of the deposit to the tenant.