Addendum to apartment lease concerning security deposit.
North Carolina Addendum To Apartment Lease regarding Security Deposit
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Multi-State
Control #:
US-895LT
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Word;
Rich Text
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How to fill out Addendum To Apartment Lease Regarding Security Deposit?
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FAQ
Yes. Under North Carolina landlord-tenant laws, a landlord may charge a tenant the equivalent of one and one-half months' rent for the security deposit on month-to-month rental agreements, and two months' rent if the rental term is longer than two months.
Your landlord or agent is only entitled to keep all or part of your deposit if they can show that they have lost out financially because of your actions, for example, if you have caused damage to the property or you owe rent.
In North Carolina, the rental laws specify that if breaking the lease is justified, you only need to provide your landlord with a notice of your intent. Although when not justified, you may be liable for paying all the rent due for the remaining lease term.
If you just left it with the office and did not sign the lease documents, they will have to return your money. However, if you signed a lease, you may be liable for your deposit or even some rent, depending on the terms of the contract you signed.
Landlords may deduct for reasonable fees and expenses incurred during the rental period, including:The tenant's possible nonpayment of rent and costs for water or sewer services provided;Damage to the premises, including damage to or destruction of smoke alarms or carbon monoxide alarms;More items...?
Unless the tenant can prove that he or she had the landlord's consent to end the agreement early, the tenant may have difficulties getting the deposit back.
If it is not enough, you can just pay the difference. If you didn't get your deposit back that way, ask your landlord to return it. If they refuse, you can you can call the Ontario government's Rental Housing Enforcement Unit (RHEU) at 1-888-772-9277 (toll-free) or 416-585-7214.
The landlord is only permitted to keep that portion of the security deposit necessary to cover the actual allowable costs. While there still exist some modern leases that include forfeiture clauses (where the landlord can keep more than their actual cost), these clauses are unenforceable under the current rules.
Landlords may be able to keep all or a portion of a tenant's security deposit for: Unpaid rent. Unpaid utility bills.
The bottom line: know your rightsIf there was no financial loss, you are entitled to get your deposit back. Most landlords understand that circumstances change and people sometimes are forced to walk away from previous decisions.
