Make Fillable Legal North Carolina Termination Of Lease Forms For Free

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.

Ing to North Carolina law, written rental agreements are required if the lease is going for 12 months or longer. However, it's suggested to every North Carolina landlord to include a written document regardless of the lease duration.

§ 42-14. Notice to quit in certain tenancies. A tenancy from year to year may be terminated by a notice to quit given one month or more before the end of the current year of the tenancy; a tenancy from month to month by a like notice of seven days; a tenancy from week to week, of two days.

The penalty could be the equivalent of 2 months' rent. If the monthly rent is $1,500, you could require tenants to pay a penalty of $3,000 when looking to terminate their lease. Also, you may want tenants using this clause to provide you sufficient notice.

So you may not have to pay much, if any additional rent, if you break your lease. You need pay only the amount of rent the landlord loses because you moved out early. This is because North Carolina requires landlords to take reasonable steps to keep their losses to a minimum?or to "mitigate damages" in legal terms.

If the lease term is week-to-week, landlords cannot charge more than two weeks' rent. However, in the cases of month-to-month rental agreements, they cannot charge more than one and one-half month's rent. They cannot charge more than two months' rent for terms greater than month-to-month.