What are the different types of residential leases?

In North Carolina, there are three main types of residential leases: Fixed Term, Month-to-Month, and Subleases. A Fixed Term lease requires the tenant to pay rent for a set amount of time, such as six or twelve months. A fixed term lease also outlines the terms of the lease, such as how much rent is due, when it is due, and other clauses such as whether the tenant is responsible for utilities. At the end of the fixed term, the tenant may either renew the lease or move out. A Month-to-Month lease is a lease agreement that automatically renews every month and can be terminated with 30 days’ notice from either the tenant or the landlord. Month-to-Month leases generally include rent and other terms, such as pet policies, just as with a Fixed Term lease. A Sublease allows a tenant to rent out part or all of their residence to someone else. The tenant remains responsible to the landlord for the rent and any other obligations in their lease agreement. Subleasing is typically allowed by the landlord, but they may require the tenant to obtain their approval before subleasing. In all cases, it is important for tenants and landlords to understand their rights and responsibilities under North Carolina leasing law before signing or entering into a lease agreement.

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What are the different types of residential leases?

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