North Carolina § 42A-4 - Definitions.

§ 42A-4. Definitions.

The following definitions apply in this Chapter: 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. Landlord. - An owner of residential property offered for lease as a vacation rental with or without the assistance of a real estate broker. through (1f) Reserved. Real estate broker. - A real estate broker as defined in G.S. 93A-2(a). 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. 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. 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. History (1999-420, s. 1; 2016-98, s. 1.1; 2017-102, s. 13.1.) Editor's Note. - Session Laws 2016-98, s. 1.9, provides: "This Part becomes effective July 1, 2016. Nothing in this Part shall be construed as being applicable to or affecting any litigation pending on that date." Effect of Amendments. - Session Laws 2016-98, s. 1.1, added subdivisions (1), (1a) and (1b)-(1f), and renumbered subsequent subdivisions accordingly. See editor's note for effective date and applicability. Session Laws 2017-102, s. 13.1, effective July 12, 2017, deleted "Reserved." in subdivision (1b); and substituted "the landlord's real estate broker" for "his or her real estate broker" in subdivision (4). §§ 42A-5 through 42A-9: Reserved for future codification purposes.