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North Carolina Landlord Tenant Closing Statement to Reconcile Security...

North Carolina Landlord Tenant Closing Statement to Reconcile Security Deposit

Q: Can landlord refuse to give deposit back?

If your deposit didn&#039;t need to be protected and your landlord refuses to give it back, you might have to take them to court. Going to court can be expensive and stressful.You&#039;ll need to take your landlord to the small claims court to get your money back.

Category:

Landlord Tenant - Residential Leases - Closing Statements

State:

North Carolina

Control #:

NC-9000LT

Format:

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Description

This is a Landlord Tenant Closing Statement - Reconcile Security Deposit, where the landlord records the deposits and credits, less deductions from the credits or security deposit for delivery to the tenant. It is used to document for the benefit of both parties the monies held by the landlord and due to the landlord.

A security deposit is a payment required by a landlord from a tenant to cover the expenses of any repairs of damages to the premises greater than normal "wear and tear." Everyday usage is normal wear and tear, but excess damage is a debated definition. A security deposit is not the same as rent. It is money that actually belongs to the tenant but is held by the landlord for tenant-caused damages and sometimes past-due rent. Without the agreement of the landlord, a security deposit may not legally be used as the last month's rent.

Laws vary by state, but some states place a limit on the amount of a security deposit that a landlord may charge. Some states also regulate where residential security deposits must be kept and when interest payments on the security deposits must be made to the tenant. State laws also define the time period after the tenant vacates within which the deposit must be returned to the tenant.

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FAQ

Unpaid rent. Unpaid utility bills. Damage in excess of normal wear and tear. Breach of lease. Costs of re-renting the unit. Costs to remove and store tenant's possessions after an eviction. Court costs.

What is the deadline in North Carolina for returning a security deposit? Under North Carolina law, a landlord must return the tenant's security deposit within 30 days after the tenant has moved out.

If a landlord does not return the entire amount of the tenant's security deposit within the 21 days required by law, and the tenant disputes the deductions from the deposit: The tenant can write a letter to the landlord explaining why he or she believes he or she is entitled to a larger refund.

Notice Requirements for North Carolina Landlords A landlord can simply give you a written notice to move, allowing you seven days as required by North Carolina law and specifying the date on which your tenancy will end.

Mail your landlord a letter requesting that she return your deposit. Be polite and simply inform the landlord that you have vacated the property and would appreciate the return of your deposit once she has had a chance to complete any checks and paperwork.

If your deposit didn't need to be protected and your landlord refuses to give it back, you might have to take them to court. Going to court can be expensive and stressful.You'll need to take your landlord to the small claims court to get your money back.

Concisely review the main facts and lay out the reasons your landlord owes you money. Include copies of relevant letters and agreements, such as your notice to move out. Ask for exactly what you want, such as the full amount of your deposit within ten days. Cite state security deposit law.

A deposit forms part of any commercial tenancy agreement and when you leave a property at the end of your tenancy, you are entitled to receive it back. You should usually receive your deposit back within 10 days of the end of your tenancy agreement, providing there is no damage to the property or its contents.