Chapter 14 Flashcards
Landlords rights to access
No specific time required to North Carolina they have immediate access for emergencies and reasonable access for repairs and inspection
Tenets basic obligations
Keeping it clean and dispose of trash. P plumbing fixed not destroy alarms. Replace batteries in alarms and comply with building code
Military personnel
They terminate within 30 day notice if station changes over 50 miles away , Discharge, or deployed
Two categories of evection
Constructive evection an actual evection
Constructive is failure to maintain health and safety an actual is breach of lease or failure to pay
Maximum late penalty on rent
5% of $15 whichever is greater
Maximum deposit amount for rent
Weekly rent is too weak deposit
Monthly rent is 1 1/2 months deposit
Longer than two months is a two month deposit
Pets
May allow or prohibit
May charge a reasonable pet deposits
Service animals
Are not consider pets cannot be prohibited or charged. Can be more than just a dog
Written agreement on leases
Only leases longer than three years must be in writing and vacation rentals less than 90 days
When vacation rentals are sold
All reservations must be disclosed the property buyer
Buyer must honor leases agreement within 180 days of closing
Type of Leases
Fixed rent lease
Typical residential lease
Net lease
Commercial
Percentage lease
Fixed amount plus percentage of income
Graduated lease
Increases or decreases on intervals
Ground lease
Net lease that runs along time
For things to have a valid agreement lease
Mutual agreement, Consideration, legal capacity, legal objective.
Option lease?
At least that contains an option to purchase the property
