Fillable Northcarolinaresidentialleaseagreement Form (Page 3 of 5) in pdf

before the expiration of this Lease. The right of entry shall likewise exist for the purpose of removing placards, signs, fixtures,

alterations, or additions that do not conform to this Agreement or to any restrictions, rules or regulations affecting the Premises.

15. SUBORDINATION OF LEASE. This Agreement and Tenant’s interest hereunder are and shall be subordinate, junior and

inferior to any and all mortgages, liens or encumbrances now or hereafter placed on the Premises by Landlord, all advances made

under any such mortgages, liens or encumbrances (including, but not limited to, future advances), the interest payable on such

mortgages, liens or encumbrances and any and all renewals, extensions or modifications of such mortgages, liens or

encumbrances.

16. TENANT’S HOLD OVER. If Tenant remains in possession of the Premises with the consent of Landlord after the natural

expiration of this Agreement, a new tenancy from monthtomonth shall be created between Landlord and Tenant which shall be

subject to all of the terms and conditions hereof except that rent shall then be due and owing at ___________________________

______________________________________________________ DOLLARS ($______________) per month and except that

such tenancy shall be terminable upon thirty (30) days written notice served by either party.

17. SURRENDER OF PREMISES. Upon the expiration of the term hereof, Tenant shall surrender the Premises in as good a state

and condition as they were at the commencement of this Agreement, reasonable use and wear and tear thereof and damages by the

elements excepted.

18. ANIMALS. Tenant shall be entitled to keep no more than ____________ (_____) domestic dogs, cats or birds; however, at such

time as Tenant shall actually keep any such animal on the Premises, Tenant shall pay to Landlord a pet deposit of

_____________________________________________________________________________ DOLLARS ($______________),

___________________________________________________________________________ DOLLARS ($______________) of

which shall be nonrefundable and shall be used upon the termination or expiration of this Agreement for the purposes of cleaning

the carpets of the building.

19. QUIET ENJOYMENT. Tenant, upon payment of all of the sums referred to herein as being payable by Tenant and Tenant’s

performance of all Tenant’s agreements contained herein and Tenant’s observance of all rules and regulations, shall and may

peacefully and quietly have, hold and enjoy said Premises for the term hereof.

20. INDEMNIFICATION. Landlord shall not be liable for any damage or injury of or to the Tenant, Tenant’s family, guests,

invitees, agents or employees or to any person entering the Premises or the building of which the Premises are a part or to goods

or equipment, or in the structure or equipment of the structure of which the Premises are a part, and Tenant hereby agrees to

indemnify, defend and hold Landlord harmless from any and all claims or assertions of every kind and nature.

21. DEFAULT. If Tenant fails to comply with any of the material provisions of this Agreement, other than the covenant to pay rent,

or of any present rules and regulations or any that may be hereafter prescribed by Landlord, or materially fails to comply with any

duties imposed on Tenant by statute, within seven (7) days after delivery of written notice by Landlord specifying the non

compliance and indicating the intention of Landlord to terminate the Lease by reason thereof, Landlord may terminate this

Agreement. If Tenant fails to pay rent when due and the default continues for seven (7) days thereafter, Landlord may, at

Landlord’s option, declare the entire balance of rent payable hereunder to be immediately due and payable and may exercise any

and all rights and remedies available to Landlord at law or in equity or may immediately terminate this Agreement.

22. LATE CHARGE. In the event that any payment required to be paid by Tenant hereunder is not made within five (5) calendar

days of when due, Tenant shall pay to Landlord, in addition to such payment or other charges due hereunder, a “late fee” in the

amount of _______________________________________________________________ DOLLARS ($_______________).

(Note: North Carolina law provides that the “late fee” specified in this paragraph may not exceed five (5) percent of the monthly

rent or $15, whichever is greater.)

23. ABANDONMENT. If at any time during the term of this Agreement Tenant abandons the Premises or any part thereof,

Landlord may, at Landlord’s option, obtain possession of the Premises in the manner provided by law, and without becoming

liable to Tenant for damages or for any payment of any kind whatever. Landlord may, at Landlord’s discretion, as agent for

Tenant, relet the Premises, or any part thereof, for the whole or any part thereof, for the whole or any part of the then unexpired

term, and may receive and collect all rent payable by virtue of such reletting, and, at Landlord’s option, hold Tenant liable for any

difference between the rent that would have been payable under this Agreement during the balance of the unexpired term, if this

Agreement had continued in force, and the net rent for such period realized by Landlord by means of such reletting. If Landlord’s

right of reentry is exercised following abandonment of the Premises by Tenant, then Landlord shall consider any personal

property belonging to Tenant and left on the Premises to also have been abandoned, in which case Landlord may dispose of all

such personal property in any manner Landlord shall deem proper and Landlord is hereby relieved of all liability for doing so.

Tenant(s): ______, ______, ______, ______ Landlord(s) or Landlord’s Representative: ______, ______ Page 3 of 5

Northcarolinaresidentialleaseagreement Form Page 3

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