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TurboTenant’s North Carolina lease agreement is a meticulously prepared document, tailored by legal experts and veteran landlords from the Tar Heel State. This lease agreement is designed to align with state laws, ensuring landlords navigate the rental process with confidence and legal fortitude. Let’s break down the sections of this vital document for property leasing.
Section 1 serves as the customizable core of the lease, capturing all the unique details of your rental arrangement. Within this section, landlords insert information such as tenant names, rental amounts, and specifics regarding utilities. This customization occurs during the lease creation process via TurboTenant’s platform. Aimed at clarity and straightforwardness, the agreement features a summary table at the forefront, with further details like smoking policies, key management, and utilities outlined in the subsequent text.
Key aspects of Section 1 include:
Section 2 is where the lease adheres to North Carolina-specific laws, but our Advanced Editor allows changes to be made with full disclosure that any edits may take you out of full compliance with state and/or local law and consultation with an attorney is advised.. Notable clauses within this section are:
The final section incorporates clauses that represent standard practices for lease agreements across the United States:
Yes, you can include additional terms through the Additional Provisions section of Section 1 or through our Advanced Editor feature. These can encompass property-specific rules or clauses that are necessary due to local regulations. It is recommended to have these provisions reviewed by a legal professional to ensure they are compliant with the law.
Tenants who fail to return their keys are responsible for the cost associated with rekeying the property. This cost is outlined in the lease agreement and can be deducted from the security deposit if necessary.
A late fee in North Carolina can be the greater of 5% of the unpaid rent amount or $15, as long as it is charged after 5:00 pm on the 5th day of the month. If the 5th falls on a Sunday or legal holiday, the payment deadline and late fee assessment extend to the next business day.
Yes, for month-to-month tenancies, the security deposit cannot exceed one and a half month’s rent. For longer tenancy terms, the maximum security deposit can be up to two months’ rent. The lease agreement should clearly state the security deposit amount and the terms for its return.
North Carolina state law requires that landlords return the security deposit within 30 days of regaining possession of the property. This must include a detailed statement if there are any deductions for damages or unpaid rent. If the tenant’s address is unknown, the landlord must hold the balance of the deposit for at least six months for collection by the tenant.
The TurboTenant North Carolina lease agreement is a comprehensive tool for landlords, ensuring adherence to state laws while offering the flexibility to tailor the lease to specific rental properties. With its clear structure and detailed provisions, landlords can confidently secure their rental arrangements, knowing they have a reliable guide through the complexities of property leasing in North Carolina.