Chap. 11 & 12

Question 0

In North Carolina residential leases and the landlord-tenant relationships are governed by this the primary purpose of this act is to ensure that only habitable residential units are rented
The obligations of the landlord and tenant are mutually dependent

Answer 0

Residential rental agreement

Question 1

2 weeks rent if tenancy is week to week
1 1/2 moth rent if month to month
2 months rent if tenancy is longer than month to month
Landlord can put money in trust account with a nc insured bank or obtain a bond as a guarantee for the deposit
30 days
Regulates what the landlord can do with the money

Answer 1

Nc tenant security deposit act

Question 2

Provides that in addition to the rent the tenant pays all or some of the property charges such as maintenance property taxes and insurance

Answer 2

Net lease

Question 3

When the landowner leases land to tenant who agrees to erect a building on the land the lease is usually referred to as this

Answer 3

Ground lease

Question 4

Property management duties

Answer 4

Operate a budget

Question 5

Requires all applicants to pay an application fee and Will purchase a criminal records background check and credit report can reduce the likelihood of renting to an unqualified tenant

Answer 5

Rental application