A North Carolina broker is advising on the lease term determines the maximum residential tenant security deposit. What is the best answer?
Correct Answer
D) The cap is two weeks’ rent for week-to-week tenancies, one and one-half months’ rent for month-to-month tenancies, and two months’ rent for terms greater than month-to-month
G.S. 42-51(b) sets residential security deposit caps by tenancy type: two weeks, one and one-half months, and two months respectively. Source basis: North Carolina General Statutes Chapter 42 Article 6, Tenant Security Deposit Act, checked 2026-04-30: security deposits must be held in an authorized trust account or qualifying landlord bond; notice is due within 30 days after lease start; deposits are capped by tenancy type; refund/accounting is due within 30 days, with interim/final accounting rules when damages cannot be determined.
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A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.
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