This bill proposes amendments to the North Dakota Century Code regarding security deposits and the inspection process for leased properties. It modifies Section 47-16-07.1 by removing the phrase "however denominated" and introduces a requirement for lessors to itemize any portion of a security deposit not returned to the lessee upon lease termination. The itemization must include a reasonable estimate of costs deducted from the security deposit, along with a written notice delivered to the lessee within thirty days of the move-out inspection. Additionally, the bill establishes that a lessor is liable for treble damages if security deposit money is withheld without reasonable justification.

Furthermore, the bill creates a new section mandating inspections of leased premises both before a tenant moves in and after they provide notice to vacate. It requires landlords and tenants to document any damages and remediation plans during these inspections, with both parties signing a statement to acknowledge the inspection. If a tenant fails to attend the scheduled inspection, the landlord can proceed with the inspection and send the results to the tenant, who is deemed to accept the findings. Conversely, if the landlord fails to schedule or attend the inspection, they are considered to accept the condition of the premises, and the tenant must receive their full security deposit back.

Statutes affected:
INTRODUCED: 47-16-07.1