§ 42A-17. Accounting; reimbursement. - North Carolina Statutes

§ 42A‑17.  Accounting;reimbursement.

(a)        A vacation rentalagreement shall identify the name and address of the bank or savings and loanassociation in which the tenant's security deposit and other advance paymentsare held in a trust account, and the landlord and real estate broker shallprovide the tenant with an accounting of such deposit and payments if thetenant makes a reasonable request for an accounting prior to the tenant'soccupancy of the property.

(b)        Except as providedin G.S. 42A‑36, if, at the time the tenant is to begin occupancy of theproperty, the landlord or real estate broker cannot provide the property in afit and habitable condition or substitute a reasonably comparable property insuch condition, the landlord and real estate broker shall refund to the tenantall payments made by the tenant.

(c)        A vacation rentalagreement may include administrative fees, the amounts of which shall beprovided in the agreement, reasonably calculated to cover the costs ofprocessing the tenant's reservation, transfer, or cancellation of a vacationrental. (1999‑420,s. 1; 2005‑292, s. 1.)