North Carolina Rent-to-Own Lease Agreement

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Updated April 16, 2022

A North Carolina rent-to-own lease agreement is between a landlord seeking to rent and give an option to purchase a property to a tenant. The tenant can choose to exercise their option to purchase at any time during the lease term (in accordance with the agreement). If the tenant decides not to purchase, the lease will terminate similar to a standard lease. When notifying the landlord to buy the property, the terms will often be conveyed in a written purchase agreement.

Rental Application – A landlord is recommended to collect a prospective tenant’s information to screen their personal and employment details.