North Carolina General Statutes 42A-4. Definitions
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.
Terms Used In North Carolina General Statutes 42A-4
- following: when used by way of reference to any section of a statute, shall be construed to mean the section next preceding or next following that in which such reference is made; unless when some other section is expressly designated in such reference. See North Carolina General Statutes 12-3
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- property: shall include all property, both real and personal. See North Carolina General Statutes 12-3
(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) through (1f) Reserved.
(1g) Real estate broker. – A real estate broker as defined in N.C. Gen. Stat. § 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. (1999-420, s. 1; 2016-98, s. 1.1; 2017-102, s. 13.1.)