The tenant has two (2) options to choose from when deciding how they want to sublet: they can rent the entire space (usually for students and students while they get home. The North Carolina lease agreement is a specific agreement between a lessor and a lessee with respect to the use of residential or commercial space for a defined period of time and a specified payment plan. The paper register assigns in writing the details of the agreement, including the name, contact details, address of the property, monthly payment, rental conditions and conditions. The agreement is intended to protect the parties concerned, as the failure of a provision could lead to a possible infringement. North Carolina lease agreements are forms established for the relationship between a tenant and a landlord for the use of commercial and residential property. .