North Carolina Month-to-Month Lease Agreement
The North Carolina Month to Month Lease Agreement is a document containing a set of conditions devised to structure a contract in which a lessee rents a property from a landlord, without the end-date being set by either party. By providing a notice of only a single month (according to NC § 42-14), either party can terminate the agreement. As one would suppose, this can cause considerably more work for the landlord should they need to find a new tenant multiple times a year. To make up for this, the rent for short-term leases is typically greater than the average residential lease.
North Carolina Lease Laws – Ch. 42 (Landlord and Tenant)