A North Carolina standard residential lease agreement effectively binds landlords and tenants into a rental contract, lasting a fixed one-year term. In many cases, landlords perform background checks on potential renters in order to determine whether the individual would be responsible for fulfilling monthly payments and keeping the property undamaged. Landlords may request for any prospects to fill out a rental application, and the landlord reserves the right to deny a renter for prior financial history under state and federal law. Once both parties come to an understanding, they must complete and sign the lease into effect. The lease must contain relevant information surrounding the newly-formed tenancy, such as the monthly costs due, any security deposits owed at signing, and the start and end date of the term.
Laws – Chapter 42 (Landlord and Tenant)
Handbook – Landlord/Tenant Law
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