In NC, a landlord who wrongfully withholds a tenant's security deposit after the tenancy ends may be liable for:
Why Double the amount wrongfully withheld plus attorney's fees Is Correct
Answer B: Double the amount wrongfully withheld plus attorney's fees
Exam Tip: Property Management
Property management questions cover landlord-tenant law, security deposits, and maintenance responsibilities. Know the differences between gross, net, and percentage leases.
People Also Study
Related North Carolina Questions
- Under the NC Residential Rental Agreements Act, a landlord must return the security deposit or provide an itemized accounting within how many days after the tenancy ends?Property Management
- Under NC law, a landlord is required to make all security deposit deductions in writing and deliver the accounting to the tenant within:Property Management
- How many days does a North Carolina landlord have to return a security deposit after the tenant vacates?Property Management
- Under the NC Tenant Security Deposit Act, a landlord may deduct from a security deposit for:Property Management
- A NC landlord who requires a higher security deposit from a tenant with a disability because they worry about property damage has likely violated:Fair Housing
- A NC landlord who charges a Hispanic applicant a higher security deposit than a white applicant with the same qualifications has engaged in:Fair Housing
Key Terms to Know
A deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
Study This Topic
Practice More North Carolina Real Estate Questions
1,400+ questions covering all exam topics. Start free — no signup required.
Take the Free North Carolina Quiz →