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The landlord must return all of the deposits plus any interest within fifteen days unless the tenant agrees in writing that the landlord can keep all or part of the deposit, or the landlord applies for dispute resolution to keep all or part of the deposit(s).
Definition of security deposit : an amount of money that a renter pays when beginning to rent property (such as an apartment) and that can be used to pay for any damage that the renter causes to the property.
There is no longer a CDC nor any state eviction moratorium in effect. After August 26, 2021, your landlord can file a Complaint for Summary Ejectment (often called an eviction) for your failure to pay rent and for any other violation of your lease.
How can I ensure a good relationship with my tenant when it comes to gaining access to the property? There's one golden rule you should always stick by: always provide your tenants with written notice at least 24 hours before any planned visits.
The minimum notice requirement is 28 days. If you have a monthly tenancy, you will have to give one month's notice. If you pay your rent at longer intervals you have to give notice equivalent to that rental period. For example, if you pay rent every three months, you would have to give three months' notice.
State Rules on Notice Required to Change or Terminate a Month-to-Month Tenancy. In most states, landlords must provide 30 days' notice to end a month-to-month tenancy. (There are a few exceptions, such as North Carolina, which requires only seven days' notice, and Delaware, which requires 60 days' notice.)
Move out process North Carolina laws dictate that a tenant must vacate the property within 5 days once the Writ of Possession is posted or delivered to the sheriff's office. This, along with the 10 days before the Writ is issued allows the tenant a maximum of 15 days to appeal the ruling and vacate the property.
Sometimes a security deposit is called a "damage deposit," and is generally some amount of money that the landlord is able to hold on to if a rental property needs any cleaning or repairs, in order to return the property to the condition it was in when the renter first moved in.
If the reason the landlord wants to evict the tenant is due to nonpayment of rent, the landlord must generally give the tenant a ten-day "notice to quit" before starting the eviction process. (N.C. Gen. Stat. fffd 42-3.)
In the past, a landlord may have waived their right to forfeiture if a tenant breached a covenant because that tenant was a 'good payer'. Now this tenant may be not meeting their rent obligations and continuing to breach covenants.