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North Carolina Contract for the Lease of Personal Property

Category:
Leases - Contracts
State:
Multi-State
Control #:
US-00123
Format:
Word; 
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Description

This form is a contract for the lease of personal property. The lessor demises and leases to the lessee and the lessee takes and rents from the lessor certain personal property described in Exhibit "A".


The North Carolina Contract for the Lease of Personal Property is a legal document that governs the terms and conditions of leasing personal property within the state of North Carolina. This contract is specifically designed for individuals or businesses who wish to enter into a lease agreement for personal property, such as equipment, vehicles, furniture, or other tangible assets. The contract includes various provisions that protect both the lessor (the owner of the personal property) and the lessee (the individual or entity who desires to lease the property) by clearly outlining their respective rights and responsibilities. It covers important areas such as lease duration, payment terms, renewal options, security deposits, maintenance and repair responsibilities, insurance requirements, and the termination process. The North Carolina Contract for the Lease of Personal Property is predefined and requires specific information to be filled out accurately. Key details that must be included are the identification of the lessor and lessee with their contact information, a detailed description of the personal property being leased, the agreed-upon lease term and payment schedule, any late payment fees or penalties, and conditions for terminating the lease. It is important to note that there may be various types or versions of the North Carolina Contract for the Lease of Personal Property, depending on the specific nature of the leased personal property. For example, there may be specific contracts for leasing vehicles, equipment, or agricultural machinery. Each of these contracts may contain tailored provisions that are unique to the particular type of personal property being leased. When entering into a lease agreement for personal property in North Carolina, it is crucial to carefully review and understand the terms of the contract. Seeking legal advice or consulting with a professional who is knowledgeable in North Carolina leasing laws can ensure that all parties involved are protected and that the contract accurately reflects their intentions.

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FAQ

Here are a few must-have clauses for the rent agreement.Amount of rent, security deposit, other payments.Duration of agreement and renewal criteria.List of fittings, fixtures.Registration of agreement.Restrictions.

The act must have occurred within three to six months prior to your decision to break the lease. In this case, you must serve the landlord a 30-day notice to break the lease. In North Carolina, you will only be responsible for paying rent up until then.

A: The answer is almost always yes. A written agreement can act as a roadmap for the landlord-tenant relationship, especially if a dispute arises. Also, real estate (land) leases for more than one year must be in writing. If a lease for over one year is not in writing, it will generally not be enforceable in court.

What should be in a tenancy agreementthe names of all people involved.the rental price and how it's paid.information on how and when the rent will be reviewed.the deposit amount and how it will be protected.details of when the deposit can be fully or partly withheld (for example to repair damage you've caused)More items...

No, residential lease agreements do not need to be notarized in North Carolina. As long as the contract exists and both parties have agreed to it, it is legally binding and it does not have to be notarized. Of course, the landlord and tenant can agree to have the lease notarized if they wish, but it is not required.

The Residential Rental Agreements Act is set out in G.S. Chapter 42, Sections 38 to 44. This law, which was passed in 1977, re-wrote the common law to provide that landlords must maintain residential rental premises to be fit to live in, and to make clear that a tenant's right to such housing cannot be waived.

No, a commercial lease does not need to be notarized in North Carolina in order for it to be considered legally binding; however, any party to the lease may choose to have the lease notarized if they so desire.

Ok, so, generally speaking, a lease in North Carolina should be in writing and should probably be recorded.

Ok, so, generally speaking, a lease in North Carolina should be in writing and should probably be recorded.

North Carolina General Statute Chapter 47G governs Option to Purchase Contracts executed with Lease Agreements. The leases that are covered under the statute are residential lease agreements that are combined or executed with an option contract.

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6(a)(12); 21 N.C. Admin. Code 58A .0111. However, real estate brokers may complete pre-printed form contracts, when an attorney has drafted ...53 pages ? 6(a)(12); 21 N.C. Admin. Code 58A .0111. However, real estate brokers may complete pre-printed form contracts, when an attorney has drafted ... North Carolina General Statutes Chapter 47G governs all leases that include an option to purchase. North Carolina General Statutes Chapter 47H governs a ? ...According to North Carolina law, landlords can consider a rental and the property within it abandoned: when the lease or rental agreement has expired, ... Without the REALTOR® logo is produced for the NORTH CAROLINA BAR ASSOCIATION and may be used, only as printed, by attorneys and any real estate agent. 93A-4(a1) shall complete all Postlicensing courses pursuant to Paragraph (a) of this Rule withinLeasing a vacation rental property for personal use, or.47 pages 93A-4(a1) shall complete all Postlicensing courses pursuant to Paragraph (a) of this Rule withinLeasing a vacation rental property for personal use, or. Attorney licensed to practice law in North Carolina ("Attorney") is holdingContract conditioned on a sale/lease or closing of Buyer's other property, ...15 pages attorney licensed to practice law in North Carolina ("Attorney") is holdingContract conditioned on a sale/lease or closing of Buyer's other property, ... Is a written rental agreement required? ? I will be storing the balance of your security deposit in insert account name account at insert bank or ... Rentals or Leases, Lease-Purchase or Installment Purchases. A. Definitions. 1. Lease or Rental Contracts. Contracts used to lease or rent items for a ...115 pages Rentals or Leases, Lease-Purchase or Installment Purchases. A. Definitions. 1. Lease or Rental Contracts. Contracts used to lease or rent items for a ... Contracts are typically filled with so much legal jargon that it is a commonContracts for personal property leases greater than $1,000.00; N.C. Gen. North Carolina law says that yourthe property, but generally while you rent,Remember: Try to Talk to a Lawyer First Before You File a Claim!6 pages North Carolina law says that yourthe property, but generally while you rent,Remember: Try to Talk to a Lawyer First Before You File a Claim!

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