This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
North Carolina Application to Lease an Apartment with Payment of First Month's Rent as Deposit
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US-02428BG
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How to fill out Application To Lease An Apartment With Payment Of First Month's Rent As Deposit?
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FAQ
You'II usually have to pay your first month's rent in advance and a tenancy deposit. If you rent from a letting agent they'll usually ask you to pay a holding deposit. Ask about all payments before taking a property so you don't have to deal with any unexpected costs.
Yes. Under North Carolina landlord-tenant laws, a landlord may charge a tenant the equivalent of one and one-half months' rent for the security deposit on month-to-month rental agreements, and two months' rent if the rental term is longer than two months.
Your landlord or agent is only entitled to keep all or part of your deposit if they can show that they have lost out financially because of your actions, for example, if you have caused damage to the property or you owe rent.
Landlords cannot enter tenanted properties without giving proper notice. Landlords cannot arbitrarily end someone's tenancy before the lease expires. Arbitrary, mid-lease rent increases are not permitted unless specified in certain circumstances in the lease or by the municipality.
Normal wear and tear in North Carolina is defined as a matter of case law or practice. The statutes do not specifically provide a definition but generally, it is deterioration that occurs naturally as a result of the tenant using the property as it's designed to be used without fault or negligence from the tenant.
Landlord must return the balance of the deposit (amount paid minus reasonable, itemized deductions) within 30 days after termination of lease and vacancy of premises. If tenant fails to provide the landlord with a mailing address, the landlord shall hold the balance of the deposit for at least 6 months.
Before the tenancy starts, your agent will normally collect the deposit and the first rent payment on your behalf. As soon as this money clears, the signed tenancy agreement has been received from both the landlord and the tenant, have been executed and all other paperwork completed, then the tenant can move in.
Legal Basics. North Carolina landlords can demand a maximum of two months' rent as security deposit from which unpaid rent, bills, damages incurred, and fees for late payment or eviction may be deducted.
I spoke with the NRLA helpline today and was advised that before signing any Tenancy Agreement, I should always get the Full Deposit and one months rent, and told the Holding Deposit Agreement also states this that initial payment is due subject to the landlord agreeing to proceed.
Yes. Under North Carolina landlord-tenant laws, a landlord may charge a tenant the equivalent of one and one-half months' rent for the security deposit on month-to-month rental agreements, and two months' rent if the rental term is longer than two months.