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Current as of January 01, 2023 | Updated by Findlaw Staff
The following definitions apply in this Chapter:
(1) Advanced payments.--All payments made by a tenant in a vacation rental agreement to a landlord or the landlord's real estate broker prior to occupancy for the purpose of renting a vacation rental property for a future period of time as specified in the vacation rental agreement.
(1a) Landlord.--An owner of residential property offered for lease as a vacation rental with or without the assistance of a real estate broker.
(1b) to (1f) Repealed by S.L. 2017-102, § 13.1, eff. July 12, 2017.
(1g) Real estate broker.--A real estate broker as defined in G.S. 93A-2(a).
(2) Residential property.--An apartment, condominium, single-family home, townhouse, cottage, or other property that is devoted to residential use or occupancy by one or more persons for a definite or indefinite period.
(3) Vacation rental.--The rental of residential property for vacation, leisure, or recreation purposes for fewer than 90 days by a person who has a place of permanent residence to which he or she intends to return.
(4) Vacation rental agreement.--A written agreement between a landlord or the landlord's real estate broker and a tenant in which the tenant agrees to rent residential property belonging to the landlord for a vacation rental.
Cite this article: FindLaw.com - North Carolina General Statutes Chapter 42A. Vacation Rental Act § 42A-4. Definitions - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-42a-vacation-rental-act/nc-gen-st-sect-42a-4/
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