A Residential Lease Agreement is necessary when a Landlord rents out a property, because a Court will not enforce an agreement regarding property without a writing. This Residential Lease Agreement should be used to notify a Tenant of all of the terms and conditions of the rental so that all parties know their respective responsibilities. This form includes a provision offering the tenant the option of purchasing the property at a specified time, for a pre-determined price. Important provisions included in this form: - Lease Premises and Terms of Lease: Identifies the property, and the extent of use of the property.
- Rent Payments, Late Fees: Sets out the amount of rent, when it is to be paid, and any penalties for late payment
- Security Deposit: Provides for the amount of security deposit, and the conditions upon which it will be returned
- Default: What constitutes default, what are consequences of default
- Quiet Enjoyment: Promise that tenant may peaceably and quietly enjoy the premises
- Assignment and Subletting: defines conditions of assignment and subletting of property
- Option to purchase: option to purchase the property at a specified time, for a pre-determined price.
This attorney-prepared packet includes: - Instructions and Checklist for Residential Lease Agreement
- Information about Residential Lease Agreements
- Residential Lease Agreement
- Inspection Checklist
- Lead Paint Disclosure
State Law Compliance: This form complies with the laws of North Carolina$25.95 Click To Buy |