South Carolina Rental Lease Agreement Forms and Templates | PDF | Word
Download the South Carolina leases which allow a landlord and tenant to come to an agreement over the use of residential and commercial property. The term may be set for any time as agreed by the parties involved and a credit check is highly recommended for the potential lessee.
Laws
Document Descriptions
- Rental Application – Allows a tenant to apply for housing and let a landlord, property manager, or real estate agent have the legal authority to view his or her credit. There also may be a fee assessed and the potential tenant will typically hear a response within 2 to 3 days.
- 1-Year Residential Lease – This agreement has been approved by the South Carolina Board of Realtors and is a binding contract between a landlord and tenant. Usually there is a term of one (1) year and a rental application is used to make sure the applicant is credible to make the payment every month. After the approval process the tenant will be issued a contract ready to sign at which time he or she will be issued keys to the unit.
- Monthly – Also known as a month to month lease agreement or tenancy at will, allows a lessee to occupy space and rent under agreed upon terms with no end date. The agreement only cancels, according to Section 27-40-770, if either party sends a request to terminate the contract with at least thirty (30) days’ notice before the next payment date.
- Sublease – A sublease is an agreement which lets a person that is leasing property in South Carolina to be able to rent the entire or portion of the space to someone else. The new tenant or “sublessee”, is obligated to pay rent exclusively to the original tenant. The original tenant must continue to pay the landlord even if the sublessee pays or not.
- Commercial – Permits a landlord to enter into an agreement over the use of office, retail, or industrial space by an individual or entity for business use. The contract may be adapted into a gross, modified-gross, triple-net (NNN), or percentage lease depending on the negotiations by the parties. Once a verbal agreement has been made the contract should be filled in and when the time for signature arrives it should be done with a notary public present for legal validity. In the case the tenant is a new business it is recommended the landlord have a personal guaranty against the individual.
Popular Landlord-Tenant Laws
- Security Deposit
- Limit – No limit. Landlord may require as much as desired.
- Returning – Landlord must return the deposit amount within thirty (30) days
- Access to Premises – Landlord must provide at least twenty-four (24) hours notice before entering
- When is Rent Due – No grace period, it is due the date specified in the agreement
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