Developer's DescriptionBy SimplifyEmLease North Carolina rental property to tenants.A Rental Lease is a property management form that can be used by landlords and property management companies when they are leasing rental property to tenants. North Carolina Rental Leases are contractual agreements between the lessor and the lessee that provide the lessee with possession and quiet enjoyment of the rental property for duration of the term in exchange for rental payments to the lessor.