Wake North Carolina Residential Lease Renewal Agreement

• Category: North Carolina Landlord Tenant - Residential Leases - Amendments
• State: North Carolina
• County: Wake
• Control #: NC-810LT
• Format: Word; Rich Text

Description

This is an agreement for the renewal of an existing lease for an additional term, with possible modifications. The agreement terms conform to state statutory law. This agreement is for the renewal of a non-commercial or residential lease. A Wake North Carolina Residential Lease Renewal Agreement is a legally binding contract between a landlord and a tenant that outlines the terms and conditions for extending a residential lease agreement in Wake County, North Carolina. This agreement is used when both parties mutually agree to continue the tenancy for a specified period. Keywords: Wake North Carolina, Residential Lease Renewal Agreement, landlord, tenant, terms and conditions, extending, tenancy, specified period. There can be different types of Wake North Carolina Residential Lease Renewal Agreements based on the specific situations and requirements of the landlord and tenant. Some common types include: 1. Fixed-Term Renewal Agreement: This type of agreement is used when the tenant wishes to renew the lease for a fixed term, typically for another year. The terms and conditions of the original lease are carried forward with any necessary amendments. 2. Month-to-Month Renewal Agreement: In this type of agreement, the tenant and the landlord agree to renew the lease on a month-to-month basis. It provides flexibility for both parties, allowing either party to terminate the tenancy with proper notice. 3. Lease Extension Agreement: This agreement is used when the landlord and tenant wish to extend the duration of the existing lease agreement without significant changes to the terms and conditions. It is suitable when both parties are satisfied with the current arrangement and only want to continue the tenancy for a longer period. 4. Modified Renewal Agreement: A modified renewal agreement is employed when the landlord or tenant wishes to make amendments to the terms and conditions of the existing lease agreement while extending the tenancy. This may include changes in rent, additional provisions, or alterations to the lease duration. 5. Renewal Agreement with Rental Increase: This type of agreement is used when the landlord intends to raise the rent upon lease renewal. It outlines the new rental amount and any additional terms or conditions associated with the increased rent. Keywords: Fixed-Term Renewal Agreement, Month-to-Month Renewal Agreement, Lease Extension Agreement, Modified Renewal Agreement, Renewal Agreement with Rental Increase.

A Wake North Carolina Residential Lease Renewal Agreement is a legally binding contract between a landlord and a tenant that outlines the terms and conditions for extending a residential lease agreement in Wake County, North Carolina. This agreement is used when both parties mutually agree to continue the tenancy for a specified period. Keywords: Wake North Carolina, Residential Lease Renewal Agreement, landlord, tenant, terms and conditions, extending, tenancy, specified period. There can be different types of Wake North Carolina Residential Lease Renewal Agreements based on the specific situations and requirements of the landlord and tenant. Some common types include: 1. Fixed-Term Renewal Agreement: This type of agreement is used when the tenant wishes to renew the lease for a fixed term, typically for another year. The terms and conditions of the original lease are carried forward with any necessary amendments. 2. Month-to-Month Renewal Agreement: In this type of agreement, the tenant and the landlord agree to renew the lease on a month-to-month basis. It provides flexibility for both parties, allowing either party to terminate the tenancy with proper notice. 3. Lease Extension Agreement: This agreement is used when the landlord and tenant wish to extend the duration of the existing lease agreement without significant changes to the terms and conditions. It is suitable when both parties are satisfied with the current arrangement and only want to continue the tenancy for a longer period. 4. Modified Renewal Agreement: A modified renewal agreement is employed when the landlord or tenant wishes to make amendments to the terms and conditions of the existing lease agreement while extending the tenancy. This may include changes in rent, additional provisions, or alterations to the lease duration. 5. Renewal Agreement with Rental Increase: This type of agreement is used when the landlord intends to raise the rent upon lease renewal. It outlines the new rental amount and any additional terms or conditions associated with the increased rent. Keywords: Fixed-Term Renewal Agreement, Month-to-Month Renewal Agreement, Lease Extension Agreement, Modified Renewal Agreement, Renewal Agreement with Rental Increase.