North Carolina Appointment of Agent to Receive Rentals by Lessor

State:
Multi-State
Control #:
US-OG-190
Format:
Word; 
Rich Text
Instant download

Description

This form is used by the Lessor to appoint an Agent, as Lessor's Agent and Attorney in Fact to receive, collect, issue receipts for, and execute division orders for all payments of rentals which may be paid to Lessor under the terms of an Oil and Gas Lease.

North Carolina Appointment of Agent to Receive Rentals by Lessor is a legal document that allows a lessor (the property owner or landlord) to appoint an agent or representative to receive rental payments on their behalf. This document is commonly used when a lessor is unable or unavailable to personally receive rent from tenants. The Appointment of Agent to Receive Rentals by Lessor is a vital contractual agreement that establishes a legal relationship between the lessor, the agent, and the tenants. It serves to ensure a smooth rental process, as the agent assumes responsibility for collecting the rent and maintaining accurate records of payments received. By appointing an agent, the lessor can streamline their rental operations, reducing the need for direct tenant interactions and simplifying rent collection procedures. In North Carolina, there are no different types of Appointment of Agent to Receive Rentals by Lessor specified. However, it is worth mentioning that each appointment may vary depending on the specific terms and conditions agreed upon by the lessor and the agent. These terms typically include the agent's duties, responsibilities, and limitations, as well as the duration of the appointment. Keywords: North Carolina, Appointment of Agent, Receive Rentals, Lessor, legal document, property owner, landlord, agent, representative, rental payments, tenants, contractual agreement, rental process, tenant interactions, rent collection procedures.

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FAQ

Any party can terminate it as long as they have provided the other party with proper notice. In North Carolina, you'll need to provide your tenant with a ?Notice to Vacate? to end a month-to-month agreement. State law requires that you provide your tenant no less than 30 days' notice for termination.

A landlord can't force you to move out before the lease ends, unless you fail to pay the rent or violate another significant term, such as repeatedly throwing large and noisy parties. In these cases, landlords in North Carolina must follow specific procedures to end the tenancy.

No, landlords cannot evict tenants for no reason. Acceptable reasons for eviction include staying on the property after the lease ends, not paying rent, breaching the lease terms, and criminal activity, such as drug trafficking. The eviction process in NC must always start with an eviction notice.

How to Evict Step 1 ? Send an Eviction Notice to Tenant. Non-Compliance. Month to Month. ... Step 2 ? Wait to Hear from the Tenant. Step 3 ? File in Court. Filing Fee. Step 4 ? Serve the Tenant. Step 5 ? Appear in Court. Judgment for Possession. ... Step 6 ? File for a Writ of Restitution. Step 7 ? Repossess the Property.

Month-to-Month Leases - A maximum of 1.5 months' rent. If the lease rent payments' frequency is higher than a month-to-month one, the security deposit value may be up to two months' rent. Keep in mind that it's prohibited by law in North Carolina for a security deposit to be higher than two months' rent.

For month-to-month leases, there must be seven days of notice. For year-to-year leases or those with other definite terms, landlords must notify the tenant, or vice versa, within a month of the end of the lease. On leases lasting between one week and one month, notice must be given at least two days in advance.

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North Carolina Appointment of Agent to Receive Rentals by Lessor