2010 North Carolina Code
Chapter 66 Commerce and Business.
Article 39 - Self-Service Storage Rental Contracts.
66-306. Late fees.
66‑306. Late fees.
(a) In all rental contracts in which a definite time for the payment of the rent is fixed, the late fee for each rental unit shall not exceed fifteen percent (15%) of the rental payment and shall not be imposed by the self‑service storage business until the rental payment for that rental unit is five days or more late.
(b) A late fee under this section may be imposed only one time for each late rental payment. A late fee for a specific late rental payment shall not be deducted from a subsequent rental payment so as to cause the subsequent rental payment to be in default. (1999‑416, s. 1.)
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