Extract Data From Legal North Carolina Roommate Agreements Forms For Free

Any party can terminate it as long as they have provided the other party with proper notice. In North Carolina, you'll need to provide your tenant with a ?Notice to Vacate? to end a month-to-month agreement. State law requires that you provide your tenant no less than 30 days' notice for termination.

For month-to-month leases, there must be seven days of notice. For year-to-year leases or those with other definite terms, landlords must notify the tenant, or vice versa, within a month of the end of the lease. On leases lasting between one week and one month, notice must be given at least two days in advance.

A North Carolina month-to-month rental agreement is a rental contract with no end date between the landlord and a tenant. The end date is determined by either the landlord or tenant by providing notice to terminate.

Month-to-Month Leases - A maximum of 1.5 months' rent. If the lease rent payments' frequency is higher than a month-to-month one, the security deposit value may be up to two months' rent. Keep in mind that it's prohibited by law in North Carolina for a security deposit to be higher than two months' rent.

A tenant is required to provide notice of their intent to vacate the premises at the end of the agreement term. With a lease of one year or more the notice period is 30 days. Even if your tenant provides verbal notice it is best to ask for a short written notice of their intent to quit.

If neither the landlord nor renter issues a notice to terminate a lease, it can be converted into a month-to-month arrangement under North Carolina provisions. If you're a landlord and want to know more about lease renewals, click here.