North Carolina Realtors Residential Lease Agreement | FORM 410-T

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The North Carolina Realtors Residential Lease Agreement is a legal document that is utilized between landlord and tenant to place into writing the allowance by an owner, landlord or management company, for a tenant to occupy a premises for a stated amount of time, under certain terms and conditions, for an agreed upon monthly payment amount. When that time has passed the tenant or landlord will provide 30 days notice to either vacate or renew the lease/agreement. If you feel that you’re unsure of any portion of this contract, you may wish to consult with a knowledgeable attorney prior to entering your signature to this document.

Laws – Chapter 42 (Landlord and Tenant)

How To Write

Step 1 – Residential Rental Information – Enter the following information:

  • Tenant’s name
  • Landlord’s Name
  • Real Estate Management Firm (Agent)
  • Premises – City, County (In the state of North Carolina)
  • Street Address
  • Zip Code
  • OR
  • Apartment Complex – Apartment Number
  • OR
  • Other – Renting a room or portion of any of the selections

Step 2 – Initial Term –

  • Beginning Date of Lease
  • Ending Date of Lease
  • Rent Amount
  • Payment Period (Check one) – Monthly,Weekly,Yearly, Other

Step 3 – Fees –

  • Late Payment Fee – Enter the amount or the percentage of the rental payment
  • Returned Check Fee -Enter the charges with the maximum being 25.00
  • Security Deposit- Enter the cost of the security deposit and specify by checking one of the boxes as to whom will hold the deposit
  • Location of Deposit- Name of bank
  • Bank Address

Step 4 – Fees for Complaint for Summary Ejectment and/or Money Owed

  • Complaint-Filing Fee amount or percentage if rent payment or percentage
  • Court Appearance Fee – Enter percentage of rent amount
  • Second Trial Fee – Enter percentage of rent amount

Step 4 – Permitted Occupants (in addition to the tenant-

  • Enter the names of others expected to occupy the premises
  • Emergency Contact- Enter contact information

Step 5 – Terms and Conditions of Agreed Lease – Titled Sections -The tenant should carefully review all of the remaining sections The landlord must enter any information needed in each section

  • Termination and Renewal – Enter the number of days required to renew or terminate the lease
  • Rent
  • Late Payment and Returned Check Fees
  • Tenant Security Deposit
  • Tenant’s Obligations (A through L)
  • Landlord’s Obligations (A through E)
  • Utility Services – Landlord should check each appropriate box with regard to who will be responsible for each utility and/or service
  • Smoke and Carbon Monoxide Alarms
  • Rules and Regulations
  • Right of Entry
  • Damages
  • Pets
  • Alterations
  • Occupants
  • Rental Application
  • Tenant’s Duties Upon Termination
  • Tenant’s Default/Events of Default
  • Landlord’s Right to Possession
  • Summary Ejectment Fees
  • Acceptance of Partial Rent
  • Termination of Lease
  • Termination of Tenant’s Right of Possession
  • Landlord’s Default; Limitation of Remedies and Damages
  • Bankruptcy
  • Tenant’s Insurance; Release and Indemnity Provisions
  • Personal Property Insurance (Initial only one)- A through C
  • Agent
  • Form
  • Amendment of Laws
  • Eminent Domain and Casualties
  • Assignment
  • Waiver
  • Joint and Several Liability
  • Other Terms and Conditions – Enter any additional terms in the lines provided
  • Inspection of Premises
  • Notice
  • Execution; Counterparts
  • Entire Agreement

Step 6 – Signatures – Enter the following:

  • Dated Signatures of all occupants over the age of 18
  • Signature of Landlord
  • By (Agent) –
  • Date