North Carolina Lease Agreement Template
This Lease Agreement ("Agreement") is entered into by and between _________________ ("Landlord") and _________________ ("Tenant") on this day, _________________. The premises subject to this Agreement is located at _________________ ("Premises"), North Carolina. This Agreement is subject to the North Carolina Residential Rental Agreement Act (North Carolina General Statutes Chapter 42) where applicable.
1. Term of Lease
The lease term shall commence on _________________ and shall terminate on _________________, unless earlier terminated in accordance with the terms herein or extended by mutual agreement in writing.
2. Rent
Rent shall be in the amount of $_________________ per month, payable on the first day of each month. The first payment is due on _________________. If rent is not paid by the fifth day of the month, a late fee of $_________________ will be incurred.
3. Security Deposit
The Tenant shall pay a security deposit of $_________________ due upon signing this Agreement. The deposit shall be refunded within _________ days after the Tenant vacates the Premises, subject to the conditions set forth in the North Carolina Tenant Security Deposit Act.
4. Use of Premises
The Premises are to be used solely for residential purposes by the following occupants: _________________.
5. Maintenance and Repairs
The Tenant agrees to keep the Premises in a clean and sanitary condition and to promptly notify the Landlord of any damage or need for repairs.
6. Alterations
No alterations, additions, or improvements shall be made by the Tenant without the prior written consent of the Landlord.
7. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of North Carolina.
8. Signatures
This Agreement is signed on the date first above written.
- Landlord Signature: _________________
- Tenant Signature: _________________
Appendix: State-Specific Laws and Provisions
In accordance with North Carolina laws, the following provisions are highlighted:
- Rent Grace Period: North Carolina law does not require a grace period for rent payments; therefore, rent is due on the date specified in this Agreement.
- Security Deposits: Must be returned within 30 days after the Tenant vacates the Premises, with an itemized list of deductions, if any, as per the North Carolina Tenant Security Deposit Act.
- Late Fees: Permitted, but must be specified in the lease and cannot exceed a reasonable amount.
- Notice of Entry: North Carolina law requires landlords to provide at least 24 hours notice before entering the rented Premises for inspections, repairs, or showings.
- Eviction Process: The landlord must follow a legal process for eviction, which includes providing the tenant with a notice to vacate, typically for failure to pay rent or violation of lease terms.