September 2010

Security Deposits: How Much Can I Require, and What Do I Have to with Them?

September 28, 2010

Residential security deposit law in North Carolina is governed by the Tenant Security Deposit Act and can be found at N.C.G.S. 42-50 through 42-55. As is often the case in tenancy law, this act primarily addresses issues in residential tenancies so this article will be addressed to residential security deposits. How much can I charge […]

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Big Changes to Lease Options in 2010

September 21, 2010

If you, the landlord, ever offer your tenants a lease option to purchase the rental property then you should learn about this new law. The Homeowner and Homebuyer Protection Act, Senate Bill 1015 takes effect on October 1, 2010, and can be found at http://www.ncga.state.nc.us/Sessions/2009/Bills/Senate/PDF/S1015v8.pdf. What options are affected? The new law affects all options […]

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You Purchased a Property at Foreclosure and there is a Tenant in it. Now What?

September 18, 2010

So, you have bought a property in foreclosure and you find there is a tenant living there that you would prefer did not live there. Maybe you didn’t do as much due diligence on the property as you should have, or maybe the tenant is paying under market value for the property. Whatever the reason […]

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Bed Bugs!!!!!!!!!!!!!!!

September 10, 2010

Bed bugs have made a resurgence all over the world and North Carolina has not been immune. This is not a problem that any property owner or manager should take lying down. Below I am posting an e-mail from the Wake County Government about an upcoming Bed Bug informational meeting they are having on October […]

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I Need to Evict a Tenant. If I Sue Will I Get a Money Judgment, Possession, or Both?

September 9, 2010

In North Carolina a landlord or property manager seeking eviction has the option of choosing to obtain both a money judgment and a judgment for possession or just a judgment for possession, pursuant to N.S.G.S. 42-28. Although it seems that you would want to get both remedies at the same time, this is often not […]

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