Summary: Landlords must follow the North Carolina health and safety codes to keep rental property safe and habitable, as per the North Carolina Real Estate Commission

Summary:

• 30 Days – Landlords must return the deposit within 30 days of the lease end date. ^[1]
• Itemized List – Deductions must be itemized by the landlord and shared with the tenant.
• Maximum – The maximum deposit is one and a half (1.5) months’ rent for month-to-month leases or two (2) months’ rent for longer leases.. ^[2]
• Interest on Security Deposits – Landlords are not required to pay interest on security deposits.

Summary: Both landlords and tenants can terminate a lease under the following conditions:

• Landlord’s Ability to Terminate
  • 10-day notice for nonpayment of rent.
  • Immediate notice for criminal activity.
• Tenant’s Ability to Terminate
  • Tenants may terminate for reasons such as uninhabitable conditions after notifying the landlord.
  • 30-day notice required for month-to-month leases. ^[3]

Summary: Landlords should give tenants a notice of at lease 24-hours (1 day) before entering the rented property for any non-emergency purpose although this is not mandated by North Carolina laws.

Summary:

• Grace Period – Five day grace period.
• Maximum Late Fee – 15% of the rent amount. ^[4]
• NSF Fee – $35 per bounced rent check.^[5]

Summary: Landlords must disclosure the following to tenants prior to the move-in date.

• • Lead-Based Paint Disclosure – Properties built before 1979 require landlords to notify tenants about lead paint hazards.
  • Security Deposit Location – Trust account information 30 days after the lease term start date.^[6]