Property Management
Under the NC Tenant Security Deposit Act, a landlord who fails to return the deposit or provide an itemized accounting within 30 days forfeits the right to:
ACollect future rent from the tenant
BRetain any portion of the deposit as a deduction✓ Correct
CFile for eviction against the former tenant
DReport the tenant to credit agencies
Explanation
If a NC landlord fails to return the deposit or provide a written itemized accounting within 30 days, they forfeit the right to withhold any portion of the deposit.
Related North Carolina Property Management Questions
- The 'net operating income' (NOI) for a property management report excludes:
- How many days does a North Carolina landlord have to return a security deposit after the tenant vacates?
- An 'anchor tenant' in a NC shopping center is important because:
- Under NC law, a landlord must give a month-to-month tenant how many days' notice to terminate the tenancy?
- Under NC law, a property manager must keep security deposits in:
- Under the NC Vacation Rental Act, if a tenant cancels a vacation rental reservation, the property manager must:
- A NC property manager who receives a habitability complaint from a tenant about no heat in winter should:
- Gross leases in commercial property management mean:
Practice More North Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free North Carolina Quiz →