Lead-Based Paint (42 U.S. Code ` 4852d) – Homes and apartments built before 1979 are maintained to an additional standard of notification of the potential threat posed by lead-compound colors. The landlord must distribute material to inform the tenant of the precautions to be taken and the problems that may arise when he comes into contact with the dangerous case. The creation of a separate bank account for security deposits is a condition of the lease agreement. The owner must deposit money into a trust account with a licensed deposit fund or an insured bank. At the same time, the lessor must inform the tenant of the name and addresses of the bank of the financial institution that he must deposit within 30 days of the start of a rental period. The limit set by the state government for the amount that a landlord can prescribe to insure the property for occupancy is different for each category of contract (Az.: 42-51): this is a good example of the provisions that a simple lease could contain and how it should be in its final form. Association of Realtors Version (Form 410-T) – The state-owned broker group has developed its own version of the residential lease, which can be used by landlords and tenants who participate in a rental transaction. It is important to familiarize yourself with the specific nuances and requirements of North Carolina law in order to best protect your financial and legal interests. In this way, your lease will be much larger and will save potential legal problems and problems in the future. The standard lease below describes a contract between “Lord of the Land” Alan Timlin and “Tenant” Lillie Yaeger.

She agrees to rent a semi-detached house in Charleston from June 1, 2017 for 1,200 $US a month. The tenant agrees to pay for all services and services for the premises. When a lessor chooses to charge an amount triggered by a late payment, it must be described in the lease agreement to be constrained by law. The limit on the amount that can be imposed by a landlord is the highest amount of $15 or 5% on monthly rents, i.e. $4 or 5% on weekly rents (No. 42-46). Storage Lease Agreement – Specific to scholarships where storage space is rented for a sum of money. Late fees in North Carolina must be set in the lease agreement to be enforceable, including the amount of the royalty and the date on which they are assessed. For monthly payments, the maximum late fee is $15 or 5% of the rent.

For weekly payments, fees must not exceed $4 or 5% of weekly rent. Location of bail (No. 42-50) – The State of North Carolina requires that any landlord claiming a deposit for a lease agreement must provide information on where the money should be kept. The financial institution in which the owner contributes must be insured at the federal level. The state authorizes thirty (30) days from the beginning of the contract to indicate the exact name and address of the bank or insurance company. At the end of the lease period, the security deposit must be delivered to the tenant at a designated transfer address within 30 days.