A North Carolina lease agreement is a contract between a landlord and tenant for the renting of property. A North Carolina lease agreement defines the rights and responsibilities of a landlord and the tenant who will rent their rental property.Q: In North Carolina, must a lease agreement be in writing? A North Carolina lease agreement represents an arrangement made between two (2) parties regarding the use of residential or commercial space. A North Carolina lease agreement is a legally binding document that outlines the terms and conditions of a rental agreement between a landlord and a tenant. Recycled North Carolina lease agreements can cause headaches. With our lease builder, you can create a new, compliant lease in minutes. A North Carolina lease agreement allows a tenant to rent a property from a landlord while following specific terms. Weekly tenancies: Two weeks' rent. Monthly tenancies: Half a month's rent.