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Practice Of Real EstateSecurity_depositsMEDIUM

Which North Carolina landlord/tenant rule applies when the tenancy ends and the landlord cannot determine all security deposit deductions within the first 30 days?

Correct Answer

C) The landlord must provide an interim accounting within 30 days and a final accounting within 60 days after termination and delivery of possession

G.S. 42-52 requires refund or itemized accounting within 30 days; if the claim cannot be determined within 30 days, interim accounting is due within 30 days and final accounting within 60 days. 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.

Answer Options
A
The landlord may retain ordinary wear-and-tear amounts as damages
B
If the tenant’s address is unknown, the landlord can immediately keep the entire remaining balance
C
The landlord must provide an interim accounting within 30 days and a final accounting within 60 days after termination and delivery of possession
D
The landlord can wait until renewal season to give the first accounting

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Related Topics & Key Terms

Related Topics:

landlord tenantproperty managementsecurity depositssummary ejectmentresidential rental agreements

Key Terms:

north carolinalandlord tenantsecurity_depositsproperty managementncrec

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