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North Carolina General Statutes 47G-1 through 47G-7 govern the rent-to-own, or ?option contract? law. There are minimum contract requirements that must be present before the rent-to-own lease agreement is considered valid.
A North Carolina standard residential lease agreement is a fixed-term rental contract between a landlord and tenant. The tenant will pay rent on a monthly basis to the landlord to use the residential space until the end date stated in the lease.
A note about lease terms ing to North Carolina G.S. § 47-18, a tenant who is leasing space for a term of more than three years should ensure that a memorandum of lease be executed and recorded in the office of the register of deeds in the county where the property is located.
The North Carolina landlord-tenant laws are explained in the North Carolina General Statutes (Chapter 42). These articles provide all the necessary lease terms for tenancies in this state, as well as the benefits and obligations that landlords and tenants have.
No, leases don't have to be notarized to be legally binding in North Carolina. However, many prefer this.
As a first concern, all leases should be in writing, even if the law does not require it. North Carolina's Statute of Frauds only requires that leases exceeding three years from the making need be in writing.