State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_42 > GS_42-45_2

§ 42‑45.2.  Earlytermination of rental agreement by military and tenants residing in certainforeclosed property.

Any tenant who resides inresidential real property containing less than 15 rental units that is beingsold in a foreclosure proceeding under Article 2A of Chapter 45 of the GeneralStatutes may terminate the rental agreement for the dwelling unit afterreceiving notice pursuant to G.S. 45‑21.17(4) by providing the landlordwith a written notice of termination to be effective on a date stated in thenotice that is at least 10 days after the date of the notice of sale. Upontermination of a rental agreement under this section, the tenant is liable forthe rent due under the rental agreement prorated to the effective date of thetermination payable at the time that would have been required by the terms ofthe rental agreement. The tenant is not liable for any other rent or damagesdue only to the early termination of the tenancy. (2007‑353, s. 3.)