Breaking a Lease in NC - Know the Laws
A lease binds both the landlord and the tenant for a certain period of time, usually one year. During this time, both parties have certain rights and responsibilities that they must adhere to. Breaking a lease is never ideal, but sometimes it's unavoidable. Your tenant could be a service member who has been deployed, or they may have received change of station orders. They could also be a victim of domestic violence. And what’s the state of your North Carolina rental property? Have you been responding to tenant maintenance requests quickly? If…
Security Deposit Laws in NC
Although not required by North Carolina law, many North Carolina landlords require tenants to pay a renter's security deposit before moving into their new home. The purpose of a security deposit is to provide landlords with a safety net against any losses caused by tenants that an insurance company cannot cover according to North Carolina law. The security deposit amount charged by a landlord can address things such as damages, unpaid rent, and any other obligations outlined in the lease. It's important that the lease clearly specifies the con…
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 agreement and respects the rental 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 unit 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 …
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 laws. After all, ignorance of North Carolina law is never a legal defense for landlords. rent rent notice notice As a landlord, you might have questions, such as "Can you break a lease in North Carolina?", "How much notice landlords must give for an eviction notice?", "What happens if tenants don’t pay rent?", or "What are my North Carolina landlord responsibilities?" In unfortunate situations where landlords fail to meet …
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…
