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Landlord Tenant Closing Statement to Reconcile Security Deposit - North Carolina 2025

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The document is a Landlord Tenant Closing Statement that outlines the financial transactions between a landlord and tenant at the end of a lease. It includes details such as the landlord's name, tenant information, security deposit amounts, cleaning and damage charges, unpaid rent, and final amounts due to both parties. The document also requires signatures and provides instructions for payment.

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What are the rules for security deposits in NC?

(b) The security deposit shall not exceed an amount equal to two weeks rent if a tenancy is week to week, one and one‑half months rent if a tenancy is month to month, and two months rent for terms greater than month to month. These deposits must be fully accounted for by the landlord as set forth in G.S. 42‑52.

What happens if landlord does not return security deposit in 30 days in NC?

If the landlord or agent fails to refund your deposit or make the required accounting, you can sue for recovery of the deposit and reasonable attorney fees. The failure to make the accounting as required under the Act is a forfeiture of the landlords right to retain any portion of the deposit.

How to get security deposit back in NC?

Under North Carolina law, the landlord has 30 days to return your security deposit or an itemized list of deductions with respect to parts of the security deposit that were withheld. If the landlord fails to comply with the law, the tenant can sue the landlord for the return of the security deposit.

Should you get a receipt for a security deposit?

Generally, you do not need an invoice for a security deposit. It is part of the lease process and in return for the landlord approving the lease, the tenant tenders the rental check, the security deposit check, and any fees that may exist.

What is considered normal wear and tear in a rental in NC?

Normal wear and tear includes damage to the property that occurs without the tenants being negligent, careless, or abusive toward the leased premises nor any of the equipment, furnishings, appliances, or other items therein.

Does a landlord have to provide receipts for security deposit deductions in NC?

Returning. In any case, landlords have 30 days from the end date of the lease to return the tenants security deposit. If the landlord wants to deduct damages from the security deposit, they must include a written, itemized list of these deductions and send it via first-class mail or in person.

How to write a letter asking for security deposit back?

What to Include in a Security Deposit Demand Letter the address of your rental and the dates you rented from. how much you paid for a security deposit. why you are entitled to a return of a portion or all of the deposit. the state laws that require a return of the deposit in a timely manner.

Can a landlord charge a cleaning fee in North Carolina?

(N.C. Gen. Stat. 42-51 (2023).) There is no state law prohibiting landlords from charging nonrefundable cleaning fees.

Landlord Tenant Closing Statement to Reconcile Security Deposit - North Carolina 2025

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What are the rules for security deposits in NC?

What happens if landlord does not return security deposit in 30 days in NC?

How to get security deposit back in NC?

Should you get a receipt for a security deposit?

What is considered normal wear and tear in a rental in NC?

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People also ask

Does a landlord have to provide receipts for security deposit deductions in NC?

How to write a letter asking for security deposit back?

Can a landlord charge a cleaning fee in North Carolina?

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Landlord Tenant Closing Statement to Reconcile Security Deposit - North Carolina 2025

Here's how it works

The easiest way to edit Landlord Tenant Closing Statement to Reconcile Security Deposit - North Carolina in PDF format online

Complete this form in 5 minutes or less

Got questions?

What are the rules for security deposits in NC?

What happens if landlord does not return security deposit in 30 days in NC?

How to get security deposit back in NC?

Should you get a receipt for a security deposit?

What is considered normal wear and tear in a rental in NC?

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People also ask

Does a landlord have to provide receipts for security deposit deductions in NC?

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Can a landlord charge a cleaning fee in North Carolina?

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