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Property Management Blog

Security Deposit Tips For Rental Properties

One of the standard aspects of leasing your investment property is collecting a security deposit. The funds are collected at the beginning of the contract and are held until the tenant vacates and used to repair damages above normal wear-and-tear. Sounds pretty straightforward right? Not necessarily. There are laws in North Carolina specifically governing where a deposit can be held and what types of damages it can be used for. It is crucial expectations are set and that the condition of the home is properly documented prior to tenants taking possession to avoid conflict in the future. Please continue reading to learn more and see why the assistance of professionals may be key when it comes to managing the leasing process.

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1612 Military Cutoff Road
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Wilmington, NC 28403

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