§ 42-51. Permitted uses of the deposit. - North Carolina Statutes

§ 42‑51.  Permitted usesof the deposit.

Security deposits forresidential dwelling units shall be permitted only for the tenant's possiblenonpayment of rent and costs for water or sewer services provided pursuant toG.S. 62‑110(g), damage to the premises, nonfulfillment of rental period,any unpaid bills that become a lien against the demised property due to thetenant's occupancy, costs of re‑renting the premises after breach by thetenant, costs of removal and storage of tenant's property after a summaryejectment proceeding or court costs in connection with terminating a tenancy.The security deposit shall not exceed an amount equal to two weeks' rent if atenancy is week to week, one and one‑half months' rent if a tenancy ismonth 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. (1977,c. 914, s. 1; 1983, c. 672, s. 3; 2001‑502, s. 5; 2004‑143, s. 6.)