Raleigh Residential Real Estate – Renting Raleigh, NC Residential Real Estate – Uses of Security Deposits

Raleigh Residential Real Estate – Renting Raleigh, NC Residential Real Estate – Uses of Security Deposits

Today’s blog will answer another question regarding what is involved in renting residential real estate in the Raleigh, North Carolina area.

What are the Permitted Uses of Security Deposits? *

1. Nonpayment of rent.
2. Damages to the rental property – other than damage due to “ordinary wear and tear”
3. Failing to stay the full rental period.
4. Unpaid bills from the tenants occupancy which become a lien against the property.
5. The cost of re-renting the property after a breach of the lease by the tenant.
6. Costs of removal and storage of the tenant’ property that has been left behind.
7. Court costs that result from the termination of a tenancy.

We still have a home in Garner, NC that is available for lease or lease purchase. See the home at: www.201HutchinsDrive.com or on our website: www.PolingTeam.com

Looking to buy Raleigh, NC residential real estate?  Click here: Search Raleigh Residential Real Estate

       *Source: North Carolina Real Estate Manual, North Carolina Real Estate Commission 2003 – 2003 Edition