North Carolina Rental Agreement for Residential Premises

Assign an existing lease to a new owner of the property with this North Carolina Assignment of Lease by Landlord form.

• The Assignment is between the current landlord, the purchaser of the property (new landlord) and the tenant, and is part of the documentation required to sell the premises to the new owner.
• The current landlord assigns the lease to the new landlord, and the tenant covenants to pay rent to the new owner and continue to perform the tenant's obligations under the lease.
• The current landlord and the purchaser agree to indemnify each other against any claims or actions arising out of any breach of the terms of the assignment.
• This form can be used for either commercial or residential rental properties.
• Available in MS Word format.
• Intended to be used only in the State of North Carolina.

NC tenants, sublease the property you are renting with this North Carolina Sublease Agreement for residential rental units.

• The sublease requires the consent of the landlord.
• The subtenant must pay the rent, the utilities and a damage deposit.
• The subtenant must keep the premises in clean and good condition.
• The subtenant cannot assign the sublease without the consent of both the landlord and the original tenant.
• The sublease includes a Premises Inspection Report and Inventory Checklist.
• The file also includes a Co-Signer Agreement, to be used in the event that the subtenant is a minor (such as a student). This agreement would be signed by a parent or guardian, who guarantees to pay any amounts due if the tenant fails to pay.

• The Statement sets out the amount of the original security deposit and any additional deposits, less any deductions being made for unpaid rent or utilities, cleaning charges, repair charges, etc.
• It also sets out whether a refund is being paid to the tenant or if any additional amount is still owing to the landlord.