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What Are landlords required to provide in North Carolina?

North Carolina law says that your landlord must keep your housing fit and safe. It also says that you, the tenant, must pay your rent, keep your home clean, and not damage your home. To make the law work, both the tenant and the landlord must do their part.

Is rent to own legal in North Carolina?

A North Carolina rent-to-own lease agreement is between a landlord seeking to rent and give an option to purchase a property to a tenant. The tenant can choose to exercise their option to purchase at any time during the lease term (in accordance with the agreement).

Are lease options legal in North Carolina?

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.

Can you do a month-to-month lease in NC?

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.

How does rent to on work in NC?

A rent-to-own or lease option agreement is a contract that states a lessee will agree to rent a home for a set period of time. Then, after living there as a renter and paying rent to the owner of the home, the occupant has an option to purchase the home when or before the lease expires.

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