Property Management
A NC property manager handling rental collections may charge a 'late fee' only if:
AThe fee is any amount the manager decides
BThe late fee is specified in the written lease agreement and is reasonable✓ Correct
CThe tenant is more than 30 days late
DThe manager files for eviction
Explanation
Late fees in NC must be specified in the lease agreement to be enforceable; the fee must be a reasonable amount as provided for in the lease.
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