Legal Question in Landlord & Tenant Law in North Carolina
We signed a contract and paid a deposit for a rental house in North Carolina. We just heard from the agent today that the owners no longer want to rent their house and are breaking the contract. From my reading of the Vacation Rental Act, they are not allowed to do so, but as a practical matter, do I have any recourse other than getting my money back?
1 Answer from Attorneys
Unfortunately, there is nothing in Chapter 42A- The Vacation Rental Act that prevents premature termination of the contract. You do have recourse because the contract was breached by them. You are entitled to a refund of any monies you paid. Also, you are entitled to any damages that are listed in the contract. If there are none, you are entitled to actual damages. for example: if you have to secure a alternative vacation rental, you could sue for the difference between the amount you had to pay, if more, than, you would have paid to them...as long as you new home is reasonable in selection.