Landlord-Tenant late fee advice from Attorney
Submitted by kirksanderslaw on
Late fees in NC residential real estate leases. Here are the present limits as of 12/1/11: see NCGS 42-46. Put these in your leases. You do have a written lease, right?
(a) Rent due in monthly installments, a landlord may charge a late fee not to exceed fifteen dollars ($15.00) or five percent (5%) of the monthly rent, whichever is greater;