North Carolina Monthly Lease Agreement
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TENANT INITIALS: [ ] LANDLORD INITIALS: [ ] DATE: [ ]
North Carolina Monthly Lease Agreement
RESIDENT: ("Tenant or Leasee")
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OWNER: ("Landlord or Leasor")
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Property Address: Unit: City: State: Zip:
Apartment Complex: County:
Beginning Date of Lease:______________
RENT:
$ _______________________
Payment Interval: monthly __________________________________________________________
LATE PAYMENT FEE:
$ 15.00 per day
OR 15
%
of rental payment, whichever is greater
(State law provides that the late fee may not exceed $15. 00 per day or five percent (5%) of the rental payment, whichever is greater.)
SECURITY DEPOSIT:
$ 750.00
to be mailed to at the following address:
_________________________________________________________________________________________________________________ _
RETURNED CHECK FEE:
$25.00
(The maximum processing fee allowed under State law is $25.00.)
SUMMARY EJECTMENT ADMINISTRATIVE FEE (see paragraph 16):
$ 0.00
PETS: NOT ALLOWED – Leasee agrees to pay a $250.00 cleaning fee for each pet, should any pets be found in the premises.
SMOKING: NOT ALLOWED IN OR ON THE PREMISES – Leasee agrees to pay a $250.00 cleaning and smoke removal fee should smoke
remnants be found.
__________________________________________________________________________________________
_________________________________________________________________________________________________________________
PERMITTED OCCUPANTS (in addition to Tenant): Double occupancy is allowed provided both have been approved and have signed the lease
agreement. Guests are allowed for a short term visit (less than 2 weeks at a time). All occupants must be NON-SMOKERS.
_______________ IN CONSIDERATION of the promises contained in this Agreement, Landlord, by and through Agent, hereby agrees to lease
the Premises to Tenant on the following terms and conditions:
1. Termination and Renewal
EITHER LANDLORD OR TENANT MAY TERMINATE THE TENANCY AT THE EXPIRATION OF THE INITIAL TERM BY GIVING
WRITTEN NOTICE TO THE OTHER AT LEAST 30 DAYS PRIOR TO THE EXPIRATION DATE OF THE INITIAL TERM. IN THE EVENT
SUCH WRITTEN NOTICE IS NOT GIVEN OR IF THE TENANT HOLDS OVER BEYOND THE INITIAL TERM, THE TENANCY SHALL
AUTOMA TICALL Y BECOME A MONTHLY TENANCY UPON THE SAME TERMS AND CONDITIONS CONTAINED HEREIN AND
MAY THEREAFTER BE TERMINATED BY EITHER LANDLORD OR TENANT GIVING THE OTHER 30 DAYS WRITTEN NOTICE
PRIOR TO THE LAST DAY OF THE THEN CURRENT PERIOD OF THE TENANCY.
2. Rent
Tenant shall pay the Rent, without notice, demand or deduction, to Landlord or as Landlord directs. The first Rent payment, which shall be prorated
if the Initial Term commences on a day other than the first day of the Payment Period, shall be due on or before the first date of occupancy.
Thereafter, all rentals shall be paid in advance on or before the FIRST day of each subsequent Payment Period for the duration of the tenancy.
3. Late Payment Fees and Returned Check Fees
Tenant shall pay the Late Payment Fee if any rental payment is not received by midnight on the fifth (5
th
) day after it is due. This late payment fee
shall be due immediately without demand therefore and shall be added to and paid with the late rental payment. Tenant also agrees to pay the
Returned Check Fee for each check of Tenant that is returned by the financial institution because of insufficient funds or because the Tenant did not
have an account at the financial institution.
4. Tenant Security Deposit:
The Security Deposit shall be administered in accordance with the North Carolina Tenant Security Deposit Act (N.C.G.S. § 42-50 et. seq.).
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