Security Deposit Laws in NC
Although not required by law, many North Carolina landlords require renters to pay a security deposit before moving into their new home. The purpose of a security deposit is to provide North Carolina landlords with a safety net against any losses caused by renters that an insurance company cannot cover. The security deposit charged by a landlord can address things such as: Excessive damage to the property: Normally, a tenant must return their rented premises in the exact same way they found it (except for normal wear and tear). Sadly, this doe…
Eviction Process in Durham, North Carolina
Being a landlord can be both rewarding and demanding. It can be smooth sailings when you have great a tenant that abide by the terms of the lease and respects the property. However, it can become less wonderful when certain things go south. For example, as a landlord, you can face major headaches if a tenant fails to pay rent or causes excessive property damage. Sadly, dealing with such issues can emerge in any landlord’s career. As such, learning how to handle North Carolina law is key. Many landlords choose to enlist the services of an esta…
Overview of Landlord-Tenant Laws in North Carolina
As a landlord in North Carolina, you must be knowledgeable of all rental regulations including the state's landlord-tenant law. After all, ignorance of the law is never a legal defense. You might have questions, such as “Can you break a lease in North Carolina?”, “What are my North Carolina landlord responsibilities?”, or even “What are the North Carolina housing regulations?” In unfortunate situations, you may need to know how to handle an eviction. Both the tenant and landlord have certain rights and responsibilities under North Carolina law…
The Importance of Property Management to Landlords and Tenants
Are you considering hiring a property manager? Landlords often have doubts about whether they should self-manage their properties full-time or work with a property management company. Before making the decision, you should ask yourself the following questions: How much experience do I have in property management? What is the number of individual rental units I need to manage? How much time do I have available for managing tasks? Does self-managing create worry and stress in my daily life? Working with a professional property management compan…
