North Carolina Association of Realtors Residential Lease Agreement (Form 410-T) .pdf – This professional form is specific to the NC and can be used for normal rental situations to bind up to four (4) tenants to a unit or house lease agreement. It is developed by the brokerage association, is very detailed and contains all the necessary conditions to remain in compliance with state law. If an owner does not wish to make any (or minor) changes, this form must be used. Refund of deposits: (§ 42-50): The owners have thirty (30) days to return deposits to the tenant. However, if the lessor needs more time to assess the damage to the rent, he may send within thirty (30) days an intermediate message that brings to sixty (60) days the entire possible return period. The North Carolina Standard Residential Lease Agreement is an official document used to put one (1) or more tenants in a lease agreement for an average term of (1) year. After signing, the document commits both a lessor (known as a „lessor“) and a tenant (tenant) into a contract containing information describing what is expected of the parties, the protection afforded to them, the duration of the lease, the consequences for certain acts or behaviors and some other important topics. Maximum deposit (§ 42-51): Two (2) months of rental if the duration of the rental is more than two (2) months. The section also discusses the eight (8) deductions that owners can legally take from sureties.
Rent increase notice: Not specified in the NC Leasing Act. Nevertheless, landlords should always provide tenants with appropriate notification in order to prevent tenants from moving. Tenant Review: North Carolina Rental Application….