Charlotte Real Estate Forum
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
NC Executive Order 142 Eviction Moratorium
Hello,
Wanted to hear opinions of this. I never thought something like this was possible.
The Order’s evictions moratorium:
- Is effective immediately and lasts for 3 weeks;
- Would prevent landlords from initiating summary ejections or other eviction proceedings against a tenant for nonpayment or late payment of rent;
- Prevents landlords from assessing late fees or other penalties for late or nonpayment;
- Prevents the accumulation of additional interest, fees, or other penalties for existing late fees while this Order is in effect;
- Requires landlords to give tenants a minimum of six months to pay outstanding rent;
- Requires leases to be modified to disallow evicting tenants for reasons of late or nonpayments; and
- Makes clear that evictions for reasons related to health and safety can take place.
The Order’s utility shutoff moratorium:
- Continues effective immediately and lasts 60 days;
- Prohibits utility disconnections for all customers;
- Prohibits billing or collection of late fees, penalties, and other charges for failure to pay; and
- Extends repayment plans at least six months, and sets the default term for repayment to six months for cases when the utility and customer cannot agree on the terms of an extended repayment plan.