Property Management
Under NC's Tenant Security Deposit Act, for residential tenancies of more than 2 months, a landlord may collect a maximum security deposit of how many months' rent?
AOne month
BTwo months✓ Correct
CThree months
DFour months
Explanation
NC's Residential Rental Agreements Act (G.S. 42) limits security deposits: for month-to-month tenancies — 1.5 months' rent; for tenancies longer than 2 months — 2 months' rent.
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