A security deposit is a sum of money not included in the price of rent that a tenant pays the landlord before moving into a home. It is typically calculated as a multiple of the cost of the rent. With a 2X multiple, for example, a tenant would need to pay 2X the price of rent as the deposit. So, if...
The Fair Housing Act (FHA) was enacted by Congress in 1968 with the goal removing property and housing discrimination. As a North Carolina landlord who is renting out their property, you're required by law to adhere to the terms of the Fair Housing Act, which can affect anything from rental marketing to tenant acquisition.
Key Takeaways
- Landlords must strictly follow the legal North Carolina eviction process, starting with the correct notice and ending with a court-issued Writ of Possession, to avoid delays or legal liability.
- Tenants may be evicted for valid violations of the lease agreement such as failure to...
A lease or a rental agreement is a legally binding contract between the landlord and the tenant. It binds them for a period of time. It also assigns themrights and responsibilities. Either party can break the lease if the other party fails to adhere to its terms.
Generally speaking, breaking a...
Do you have a rental property? Maybe you are planning to invest in one?
Landlords face a lot of tasks and duties daily. Many investors new to rental properties are caught by surprise when they learn how much stress and effort is involved in self-managing. Let alone managing two or more rental unit...
