Section 42A-4 - DefinitionsThe 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.(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 G.S. 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.Amended by 2017 N.C. Sess. Laws 102,s. 13.1, eff. 7/12/2017.Amended by 2016 N.C. Sess. Laws 98,s. 1.1, eff. 7/1/2016.