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hey guys this is teddy welcome to my real estate Joan if you haven't already make sure to hit that subscribe button down below because I'm always coming out videos like this and make sure to follow me on twitter at cheap houses won't so in today's video I'm going to be talking about tenant and Wayne Lord security deposit law in the state of North Carolina everything in this area is going to be governed by the North Carolina tenant security deposit Act and this act controls two things first is the amount of money that a landlord can charge as a deposit and number two what the landlord can actually do with that deposit and the maximum amount a landlord can charge varies by how long the leases you have a week to week leads the landlord can only charge two weeks rent for the deposit you have a month-to-month lease the landlord can only charge up to one and a half months rent and if you have a lease longer than month-to-month he can charge up to two months rent maximum the Act also controls

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