What is the security deposit limit in North Carolina?
North Carolina caps security deposits according to the length of the rental term: the deposit may not exceed two weeks' rent for a week-to-week tenancy, one and one-half months' rent for a month-to-month tenancy, and two months' rent for terms greater than month to month (N.C. Gen. Stat. § 42-51(b)). The deposit must be refunded, with an itemized accounting of anything withheld, no later than 30 days after the tenancy ends (§ 42-52). Where the extent of the landlord's claim against the deposit genuinely cannot be determined within that window, the landlord must still provide an interim accounting at 30 days and then a final accounting within 60 days. The 60-day figure is not a general extension a landlord may elect — the 30-day interim accounting is owed either way.