North Carolina has a large percentage of residents who are not interested in owning their own home and prefer to rent, which is great news for all of the property investors out there! The demand for rentals pairs nicely with the affordability of homes in North Carolina, which makes investing in rental property here a no-brainer.
Laws that impact the rental market, landlords, and tenants are constantly being decided in states. Make sure you know what’s on your ballot – find North Carolina voting information here.
No additional laws
The State of North Carolina has no added laws or restrictions around the collection of criminal background checks. Adherence to general federal law is required. To avoid the perception of discrimination, make sure your screening criteria is stated and is consistent and equal for all groups of people.
For leases with terms of two months or longer, you may collect a security deposit in an amount equal to two months’ rent.
Build a North Carolina lease agreement in less than 15 minutes.
There are three sections to a residential lease agreement. The first section outlines the custom details of the contract, such as who’s involved and for what address. Here’s an example North Carolina lease agreement listing details found in Section 1:
Below are answers to some of the most commonly-asked questions when it comes to landlord-tenant laws in North Carolina:
Renters are able to withhold rent if their landlord fails to make repairs.
Evicting a tenant in North Carolina can take anywhere from 1 to 3 months depending on the reason for eviction.
North Carolina is considered a landlord-friendly state because of the lack of rent control laws and the ability to enter without notice or permission.
There are four reasons a landlord may file for eviction in North Carolina. The four reasons include failure to pay rent, violation of the lease agreement, the end of the lease term, and illegal activity. Depending on the violation, the landlord must give the tenant notice and anywhere from 5 to 30 days to cure their violation.
If the tenant fails to cure or quit, then the landlord may file a complaint with the court, which costs $96. After the complaint is filed, it will be served to the tenant within five days.
After the tenant receives the summons and complaint, a hearing will be held as soon as seven days, but no later than 30.
If the court rules in favor of the landlord, then a writ of possession will be issued within ten days. The tenant will be evicted immediately and will have up to five days to move out.
Landlords must give a week’s notice before asking a tenant to vacate the property.
TurboTenant has utilized many municipal sources, along with official state statutes, in order to compile this information to the best of our ability. However, local laws are always in flux, and landlords and tenants alike should do their due diligence and consult legal help when it’s needed. We hope the following list can serve as a valuable resource and allow you to succeed as a landlord or tenant in North Carolina. Be sure to take proper precautions when it comes to finding the top candidates for your unit by utilizing our online rental application and tenant screening services.
Disclaimer: TurboTenant, Inc does not provide legal advice. This material has been prepared for informational purposes only. All users are advised to check all applicable local, state, and federal laws, and consult legal counsel should questions arise.
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