This form is an option to lease real estate. In the event the lessee fails to exercise the option, the sum paid for the option will be retained by the lessor. In such event, the monies retained by the lessor and costs assumed by the lessee will be considered to be a full and complete satisfaction and accord of any damages suffered by lessor because of lessee's failure to lease this property.
North Carolina Option to Lease Real Estate - Long Form
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A lease option allows the landlord to retain the legal title of the lease option property, without the mundane management responsibilities. Lease options are also an ideal way of securing long term tenants. Most lease-options are for an average term of between 7 and 10 years.
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.
A lease option is a legal agreement that allows you to control a property and generate income from it, with the right (but not the obligation) to buy it later. .
North Carolina Landlord Tenant Rights. North Carolina rental agreements are valid if they are written or verbal.
Ok, so, generally speaking, a lease in North Carolina should be in writing and should probably be recorded.
Leasing a car is similar to a long-term rental. You'll generally have to make an upfront payment, plus monthly payments, and get to use a car for several years. At the end of the lease, you'll return the vehicle and have to decide if you want to start a new lease, purchase a car or go carless.
The three most common types of leases are gross leases, net leases, and modified gross leases....3 Types of Leases Business Owners Should UnderstandThe Gross Lease. The gross lease tends to favor the tenant.The Net Lease. The net lease, however, tends to favor the landlord.The Modified Gross Lease.
A North Carolina month-to-month lease agreement is a short-term tenancy arrangement between the landlord and tenant. The rental agreement renews at the beginning of each month. It is flexible enough that either party may end it with proper notice or benefit the parties. The arrangement can be indefinite.
THE LEASING PROCESS - LANDLORDSLeasing Appraisal.Appoint Leasing Agent / Property Manager.Sign a Management Agreement (Before or After Tenant is Acquired)