North Carolina security deposit law
Return deadline
30 days
30 days; if final costs are unknown, an interim accounting in 30 days and final within 60.
Small claims limit
$10,000
What you need to know
- • Itemized accounting within 30 days (interim) and final refund within 60 days at most.
- • Deposits are capped by lease term and must be held in a trust account.
Itemization: Itemized accounting of any deductions required.
Interest: No interest required (deposit must sit in a trust account or be bonded).
Deposit cap: Cap depends on term: 2 weeks’ rent (week-to-week), 1.5 months (month-to-month), 2 months (longer).
If they wrongfully withhold: Improper withholding forfeits the landlord’s right to retain any portion; attorney’s fees possible.
Statute: N.C. Gen. Stat. §§ 42-50 to 42-56
This is general information, not legal advice. Laws change and details vary by city and situation — verify current law or consult a local attorney or tenant’s rights organization before acting.