This office lease guaranty lists the conditions of the principal's obligations held in this bond. If all obligations of this guaranty are performed and indemnifies and holds harmless the obligee from any loss, costs, and expenses incurred by the obligee as a result of any failure or default by the principal in its execution of the agreement, then this obligation shall be void; otherwise it will remain in full force and effect.
North Carolina Lease Deposit Guarantee Bond
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Multi-State
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US-OL4A025
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How to fill out Lease Deposit Guarantee Bond?
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FAQ
Eviction is a type of court case. In North Carolina, an eviction case is called ?summary ejectment.? Landlords can file to legally remove a tenant rented property if the tenant has failed to pay rent, violated the lease agreement, or if other conditions apply.
For a weekly agreement, the maximum you can charge as a security deposit is 2 weeks' worth of the rental payment. For a monthly lease, you must not charge any amount exceeding one and a half month's worth of rent. For fixed-term leases, the maximum you can charge is the equivalent of two month's worth of rent.
The landlord has to return the security deposit within thirty (30) days of the termination of the tenancy or itemize any damages and mail any remaining security deposit balance to the tenant.
Once your tenant moves out, you have exactly thirty days to return the tenant's security deposit. You must return it either in person or via a certified mail. If there are any deductions to make, you can extend the period to return the renter's security deposit to sixty days.
District court must sign the bond set out in this form if they wish to remain on the premises. That bond is a promise to pay to the Clerk's office future rent as it becomes due. Second, defendants must post in cash with the Clerk of Superior Court the amount of rent in arrears as determined by the magistrate.
Bond to Stay Execution (download the form): This is the form that the tenant submits with the rent they pay to the clerk of court. A tenant who pays the rent bond can stay in the home until the new court date.
Main differences Bonds are a type of security interest, as an obligation to pay a sum or to perform a contract. A deposit is an initial payment. They show good faith and can reserve something for purchase.
Typically, if the property is in good condition and without the need for repair when the renter moves out, the security deposit may be refunded to them.
