Bill > H990

This bill modifies North Carolina's existing law regarding late fees that landlords can charge tenants by adding a new notice requirement. Specifically, landlords must now provide written notice to tenants before collecting a late fee, which can be delivered by hand, mail, or electronic means as specified in the rental agreement. The notice must inform the tenant that a late fee will be or has been assessed for a past due rental payment, and must specify the amount of the fee and the date it was imposed. The notice must be given at least five days after the rent's due date, which aligns with the existing law that allows late fees only after rent is five or more days late. The bill maintains the current provisions that limit late fees to either $15 or 5% of monthly rent (for monthly rentals) or $4 or 5% of weekly rent (for weekly rentals), whichever is greater. The new notice requirements will become effective on October 1, 2025, and will apply to late fees imposed on or after that date, providing landlords with ample time to adjust their practices to comply with the new regulations.

Government Affairs

https://www.ncleg.gov/BillLookUp/2025/H990