Property Management
Under NC law, a commercial landlord who accepts rent from a holdover tenant (after the lease expires without renewal) creates:
AA new long-term lease automatically
BA month-to-month tenancy if the original lease was monthly, or possibly an implied annual renewal✓ Correct
CNo tenancy — the tenant must vacate immediately
DA tenancy at sufferance with no right to continue
Explanation
Accepting rent from a holdover tenant in NC may create a new tenancy — for month-to-month if the original lease was monthly, or potentially an implied annual renewal if the lease was annual — depending on facts and lease terms.
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