A North Carolina month-to-month lease agreement is a rental contract between a landlord and tenant that authorizes the tenant to lease the landlord’s residential property for one (1) month at a time. The lease renews on a monthly basis when the tenant pays rent and continues until either party ends the agreement by giving the required amount of notice (seven (7) days minimum). Unlike standard rental agreements, landlords do not need to provide their lessees with any justification when canceling monthly leases.
This type of arrangement allows landlords to keep rental units filled over shorter periods in which a year-long contract would not be suitable. It is also useful for seasonal and student tenants who need a residence for a limited or undetermined number of months. Once the contract has been signed by both parties, they will be legally bound to its terms until the agreement is terminated.
Notice for Terminating (§ 42-14) – Seven (7) Days
Tenant Screening – North Carolina Rental Application
The landlord cannot enforce fees for the late payment of rent unless such fees comply with state regulations and are disclosed to the tenant in the rental agreement.
Used to reveal whether lead paint exists on the premises and is required if the leased property was built before 1978.
The landlord must disclose the name and address of the bank where the tenant’s security deposit is stored, or if the deposit is kept as a bond, the name of the insurance company that issued the bond. This disclosure shall be made within thirty (30) days following the lease commencement date.