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Understanding landlord-tenant laws can be complex, as each state has different regulations, and local jurisdictions may impose additional rules. However, grasping the basic rights and regulations can simplify the process for landlords and tenants. This summary focuses on North Carolina landlord-tenant law, aiming to assist in drafting a lease agreement that is mutually beneficial. For specific rental situations in North Carolina, it's advisable to seek legal guidance from an attorney or real estate professional. A rental agreement is essentially a contract established between landlords and tenants at the initiation of leasing a property.