Are there rent control/rent stabilization policies or laws in North Carolina?
The state of North Carolina has not established rent control or stabilization practices. What is the maximum amount I can collect as a security deposit? Security Deposits May Not Exceed the Following Amounts: • If rent is collected weekly, the landlord may require an amount equal to 2 weeks rent. • If rent is collected monthly and there is no written lease, the landlord may require an amount equal to 1 and a 1/2 month’s rent. • If there is a lease for more than a month, the landlord may require an amount equal to 2 months. Please Note: The landlord must give the tenant written notice of the name of the bank that is holding the tenant’s security deposit or the name and address of the insurance company providing a bond to cover the security deposit. My tenant has moved out, what do I do with their security deposit? The original language of NC Gen. Stat. § 42-52 required that all landlords must itemize any deductions from the security deposit and refund any remaining balance to the tenant
