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Current as of January 01, 2023 | Updated by FindLaw Staff
Upon termination of the landlord's interest in the dwelling unit in question, whether by sale, assignment, death, appointment of receiver or otherwise, the landlord or his agent shall, within 30 days, do one of the following acts, either of which shall relieve him of further liability with respect to such payment or deposit:
(1) Transfer the portion of such payment or deposit remaining after any lawful deductions made under this section to the landlord's successor in interest and thereafter notify the tenant by mail of such transfer and of the transferee's name and address; or
(2) Return the portion of such payment or deposit remaining after any lawful deductions made under this section to the tenant.
Cite this article: FindLaw.com - North Carolina General Statutes Chapter 42. Landlord and Tenant § 42-54. Transfer of dwelling units - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-42-landlord-and-tenant/nc-gen-st-sect-42-54/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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