North Carolina Commercial Lease Agreement
The North Carolina Commercial Lease Agreement, created by the North Carolina Association of Realtors (Rev. 2017), is a form used to establish the obligations and conditions that a landlord and tenant are required to follow during a lease term. Unlike the majority of states, North Carolina has a set of statutes in place that contain protections for both parties. However, the necessity of including conditions that serve the parties best interests in cases of default, bankruptcy, non-payment of rent, and the sale of a property cannot be overstated. Negotiation should be considered mandatory – especially so for the tenant, as lease agreements are notably landlord-friendly, which stems from the fact that they are the ones that typically draft the document.