What are the laws regarding real estate and leasing?

In North Carolina, real estate and leasing laws are governed by state and federal statutes. The North Carolina Real Estate Commission (NCREC) governs the real estate industry in the state, and regulates real estate agents, brokers, and appraisers. When it comes to leasing, either residential or commercial, the North Carolina Landlord-Tenant Act provides protection for tenants. The law requires landlords to provide a safe and habitable environment, maintain habitable conditions in the unit, and uphold the tenant’s right to privacy. Tenants are also protected from unfair or excessive fees or deposits, eviction without cause, and discrimination. The North Carolina Property Protection Act (PPOA) governs tenant-landlord relationships and provides additional rights and protections to tenants. The PPOA requires landlords to provide written notices to tenants before they can enter the unit for any reason other than an emergency. In addition, the PPOA outlines rules regarding security deposits and prohibits landlords from using a portion of the deposit for repair or cleaning costs. It’s important for small businesses to be aware of North Carolina’s real estate and leasing laws to ensure they’re compliant. Not complying with the laws can result in fines or other penalties. Small businesses should also seek legal advice when entering into rental or leasing agreements to make sure they understand their rights and obligations.

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What are the laws regarding real estate and leasing?

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