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;
Submitted by kirksanderslaw on
As a landlord, sometimes you need to terminate a lease even when the tenant is a paying tenant. In North Carolina the statutes say that you need to give the tenant notices as follows:
1) A tenancy from year to year may be terminated by a notice to quit given one month or more before the end of the current year of the tenancy;
2) a tenancy from month to month by a like notice of seven days;
3) a tenancy from week to week, of two days.
