This form is a tenant oriented office lease clause that states that the amount of the security deposit shall be reduced from 4 months' Base Rent to 3 months' Base Rent provided that certain lease conditions are met by the lessee.
North Carolina Tenant Oriented Clause Providing for the Reduction of the Tenant Security Deposit
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US-OL4A012C
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How to fill out Tenant Oriented Clause Providing For The Reduction Of The Tenant Security Deposit?
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FAQ
The North Carolina Office of Administrative Hearings and the Fair Housing Act prohibit landlords from discriminating against potential tenants because of their race, religion, familial status, sex, gender, etc.
North Carolina's security deposit law states that security deposits are normally refundable at the end of the agreement term as long as the renter has not violated the terms of the agreement. A common violation that results in a landlord withholding part or all of the security deposit is excessive property damage.
This question is about North Carolina Security Deposit Law In North Carolina, a landlord is allowed to charge a cleaning fee if the rental agreement allows the landlord to do so.
A deposit use clause is a section of the tenancy agreement that explains how the deposit can be used. It outlines the circumstances under which the deposit can be kept, such as rent arrears, damages to the property, or other expenses related to the tenant's breach of the agreement.
The landlord is allowed to adjust the security deposit amount when rent has not been paid or intentional damage has been made to the property. The landlord should refund the balance to the tenant when the property is being vacated.
Q: How much security deposit can a landlord charge? exceed the equivalent of two weeks' rent. If you're renting on a month-to-month basis, your deposit cannot be more than 1 1/2 months' rent. And, if your rental period is greater than month-to-month, your deposit cannot be more than two months' rent.
What can I deduct from the deposit? Cleaning. Damage. Redecoration. Missing items. Gardening. Rent arrears. Unpaid utilities.
Under North Carolina law, the landlord may apply the tenant's security deposit for the following expenses: Unpaid rent; damages caused by the tenant; damages that are not the result of reasonable normal use; the cost of removal and storage of the tenant's property; and court costs if the landlord sues to evict a tenant ...
