Landlord fees

Legislation UPDATE: Landlord/Tenant Law-Landlord's Out of Pocket Expenses

Legislation UPDATE:  Landlord/Tenant Law-Landlord's Out of Pocket Expenses

Every year around this time North Carolina elected representatives get together and pass session laws.  Some are amendments to existing laws, while others are revocations of laws, or implementations of new laws.  The session law about which I am speaking today is SL 2018-50 (SB 224) and it pertains to the legal ability of a landlord to charge certain fees pertaining to the curing of a contract default by a tenant.  In layman's terms, SL 2018-50 lays out what fees a landlord can legally seek against a tenant, especially those tenant's that have cured their breach of the lease (ex. paid all back rent and fees prior to a judge entering a judgment against them).