North Carolina rental property owners, landlords and property managers must use state specific rental agreements and legal notices to follow the North Carolina landlord tenant act. A free, state-specific North Carolina lease is included in your ARPOLA membership along with the North Carolina legal notices and forms you will use most often. Should you decide to use a different lease, listed below are terms and conditions you should include.
State Specific Lease Clauses
Each state has state specific rental agreements and unique clauses landlords, rental property owners and property managers must follow. The information below will help you prepare an accurate state specific lease. The information listed is intended to help you meet the minimum requirements.
NOTICE PERIOD TO TERMINATE TENANCY:
7 days
RENT INCREASE NOTICE:
No statutory limit
SECURITY DEPOSIT LIMITS:
One and ½ months’ rent if using a month-to-month rental agreement
Two months’ rent if term if term is longer than two months; may add an additional “reasonable” non-refundable pet deposit
NOTICE PERIOD FOR TERMINATION FOR NONPAYMENT:
10 days
NOTICE PERIOD FOR TERMINATION FOR LEASE VIOLATION:
No limit; landlord can terminate with an Unconditional Quit if lease provides
NOTICE FOR UNCONDITIONAL QUIT:
Immediately if violation of lease term specifies that eviction will result from non-compliance or holdover of tenancy
LATE CHARGES:
Late fees cannot be higher than$15 or %% of the rental payment, whichever is greater and may not be imposed until rent is 5 days late
Information Current as of 07/2011
- Save money. Buying a state lease from most associations costs $15.95 or more plus most landlords and rental property owners often need additional legal forms that can be $9.95 each.
- Legal Leases and Notices. ARPOLA’s state free rental agreements are developed and maintained by US Legal Forms attorneys.
- Save time. No need to search for the best lease at a low price. Join ARPOLA and have complete access to leases for all 50 states that can be edited in Word.
- Join and renew once per year. No need to pay for any leases or per use. Download any lease in any state–it’s included in your membership dues.
