Lease Agreement Template NC

This Lease Agreement (hereinafter referred to as the “Agreement”) is made on (enter the date), by and between:

​[Landlord.FirstName]​

​[Landlord.LastName] (hereinafter referred to as "Landlord") and

​[Tenant.FirstName]​

​[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:

1. Property

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.).

2. Lease Term

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.

3. Rent

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)

4. Late Fees

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.

5. Security Deposit

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.

6. Pre-Payments

To summarize, the following sums will be due from the Tenant to the Landlord on the date of executing this Property Lease Agreement.

First month’s rent (prorated): $ (insert amount)

Security Deposit: $ (insert amount)

Other: $ (insert amount)

7. Occupants

The Premises is to be occupied strictly as a (property type) by Tenant and their dependents only. The Tenant will not be permitted to house guests at the Property for more than (enter the number of days) consecutive days without advance, written consent of the Landlord.

This Lease Agreement cannot be assigned or sublet to any other person without written permission from the Landlord.

8. Pets

The Tenant is:

Permitted to have (insert number) pet(s) on the Premises, consisting of [list types of pets allowed). The Landlord will charge a non-refundable/refundable deposit of $ (insert amount) to cover any damage caused to the Premises by Tenant’s pet(s).

No pets are allowed on the Premises.

9. Maintenance and Upkeep

The Tenant will maintain the Rental Property in clean and sanitary condition inside the residence. Furthermore, the Tenant will promptly notify the Landlord of any problem, malfunction, or damages to the Rental Property, appliances, and landscaping, in writing, so that the Landlord can take reasonable corrective actions. If the problem was caused by Tenants, or their guests or invitees, and not reasonable wear and tear on the Property, the Landlord reserves the right to require the Tenant to bear the costs of repair.

10. Modifications to Rental Property

The Tenant is not permitted to paint, or otherwise modify or materially alter the Property without the prior written consent of the Landlord.

11. Keys

The Tenant will be given keys to the Rental Property upon execution of this Rental Property Lease Agreement. The Tenant is not permitted to make any copies of or have any other keys made for the Rental Property without the prior consent of the Landlord.

If replacement keys are needed, the Tenant can obtain them from the Landlord for a reasonable replacement cost. All keys will be returned to the Landlord upon the termination of this lease. If keys are not returned, the cost will be deducted from the Tenant's security deposit.

12. Utilities

Utilities for the Property that are included in the rent are: (Add included utilities).

All other utilities will be for the Tenant’s account.

13. Quiet Enjoyment

The Tenant will have the right to quiet enjoyment from the starting date of this agreement and for the entirety of the lease period.

14. Smoke and Carbon Monoxide Detectors

Under North Carolina General Statute § 42-42 and 42-44, the Landlord will provide and install operable smoke detectors. These detectors will be either battery or electrically operated, having an

Underwriters Laboratories Inc., listing, or other equivalent national testing laboratory approval.

If the property has a fossil-fuel-burning heater, appliance, fireplace, or attached garage, the Landlord will provide and install at least one operable Carbon-Monoxide Detector per level of the Property. The detector can be either battery or electrically operated, which is listed by a national OSHA-approved testing laboratory.

The Landlord will replace or repair any faulty detectors within 15 days of receiving written notification from the Tenant. The Landlord is responsible to ensure that all detectors are operable and in good working order at the beginning of the lease term.

15. Termination and Vacating the Property

The tenant:

Has the right to terminate this Agreement early by providing at least ___ days’ written notice to the Landlord, along with an early termination fee of $___________ (US Dollars). The tenant will remain responsible for the payment of rent during the notice period for termination.

Does not have the right to terminate this Agreement early.

Upon termination of this tenancy, the Tenant will promptly vacate and clean the premises, return all keys to the Landlord, and have the Landlord inspect the Rental Property for compliance with this obligation.

16. Right of Access

The Landlord and Landlord's agents shall have the right to enter the Premises during normal business hours with at least (insert number) hours' notice for inspection, repairs, alterations, or any reasonable purpose. The Landlord and Landlord’s agents are also permitted to access the Premises in the event of an emergency without prior notice.

17. Additional Provisions

Additional provisions to this Agreement are the following: (insert any further provisions).

18. Disclosures

According to law, The Landlord is required to provide you with the following disclosures:

19. Governing Law

This Agreement will be constructed and governed by the laws of the State of North Carolina and the venue of any dispute over this Agreement will be in the County of (insert County) in the State of North Carolina.

20. Entire Agreement

This Lease Agreement is the entire agreement between the Landlord and Tenant(s). Any prior negotiations or discussions of terms between the Landlord and the Tenant concerning this tenancy are superseded by this written agreement.

Any alterations, modifications, or adjustments must be in writing and signed by both parties. There are no understandings, representations, or warranties except as herein expressly set forth and no rights are granted except as expressly set forth herein.

Executed by the Parties on the dates indicated below.