North Carolina Security Deposit Receipt
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NC Landlords that collect a security deposit must provide Tenants with a receipt stating the name & address of the financial institution where it’s being held.
Document Last Modified: 10/24/2023
North Carolina Security Deposit Regulations
Security Deposits in North Carolina may not exceed the following amounts:
- 2 month’s rent for Leases longer than two months;
- 1.5 month’s rent for month-to-month Lease Agreements.
North Carolina Law provides that if a Landlord collects a security deposit, they must, within 30 days of receiving the deposit, provide the Tenant with a written receipt stating the name and address of the financial institution where the security deposit is being held.
The Landlord must either:
- Hold the security deposit in a trust account in a licensed financial institution in North Carolina; or
- Furnish a bond for the security deposit amount from an insurance company that is licensed in the State of North Carolina.
Customize our North Carolina Security Deposit Receipt in minutes to comply with this state law.
North Carolina Rental Forms and Templates
- North Carolina 10-Day Demand for Rent: This form is for Tenants that are behind on rent. It must be used before initiating eviction proceedings.
- North Carolina 10-Day Demand for Compliance: This form should be used for Tenants that break the Lease Agreement for reasons other than nonpayment of rent. This notice must be issued for Lease violations before eviction proceedings can be initiated.
- North Carolina Complaint in Summary Ejectment: After issuing the proper eviction Notice, Landlords use this form to start the eviction process in a North Carolina court.
- North Carolina Information Pamphlet for Landlords & Tenants: This form outlines the rights of Landlords and Tenants and is a good resource for NC Landlords!