North Carolina Lease Agreement Template
This Lease Agreement ("Agreement") is entered into by and between _________________ ("Landlord") and _________________ ("Tenant"), collectively referred to as "Parties." This Agreement is subject to the North Carolina Residential Rental Agreements Act and establishes the terms and conditions under which the Tenant will rent property from the Landlord in the State of North Carolina.
1. Property Description
The Landlord agrees to lease to the Tenant the property located at _________________(address)_________________, in the city of _________________, County of _________________, State of North Carolina ("Premises").
2. Term of Lease
The lease term will begin on _________________ and end on _________________, unless extended or terminated sooner in accordance with the provisions of this Agreement.
3. Rent
Tenant agrees to pay the Landlord a monthly rent of $_________________. Rent is due on the ________ day of each month and shall be paid to the Landlord at the following address: _________________.
4. Security Deposit
Upon the execution of this Agreement, Tenant shall pay a security deposit of $_________________ to cover any potential damages to the Premises. The security deposit will be returned to the Tenant, less any deductions, within 30 days after the termination of the lease, per North Carolina law.
5. Maintenance and Repairs
Tenant agrees to keep the Premises in a clean and sanitary condition and to promptly report any damage, malfunction, or needed repairs to the Landlord. The Landlord is responsible for maintaining the Premises in a habitable condition, as required by North Carolina law.
6. Use of Premises
The Premises will be used exclusively as a private residence by the Tenant(s) listed in this Agreement. No part of the Premises shall be used at any time during the term of this Agreement by the Tenant for the purpose of carrying on any business, profession, or trade of any kind, or for any purpose other than a private residence.
7. Governing Law
This Agreement will be governed, construed, and interpreted by, through, and under the laws of the State of North Carolina.
8. Signatures
IN WITNESS WHEREOF, the Parties have executed this Lease Agreement on ___________(date)___________.
Landlord's Signature: ________________________
Tenant's Signature: ________________________