Valid Lease Agreement Document for the State of South Carolina
In South Carolina, the Lease Agreement form stands as a pivotal document for both landlords and tenants, guiding the boundaries and terms of residential rental interactions. It encompasses a wide range of crucial information necessary to establish a lawful and fair relationship between the property owner and the renter. Major aspects covered by this agreement include the identification of parties, property details, lease duration, rent specifics, security deposit requirements, and clauses on maintenance responsibilities. By setting clear expectations and responsibilities for both parties, the form serves as a safeguard against potential disputes, ensuring that both landlords and tenants are aware of their rights and obligations under South Carolina's housing laws. Consequently, this comprehensive document plays a vital role in fostering a stable and secure living environment for tenants while protecting landlords' investment interests.
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South Carolina Lease Agreement Template
This Lease Agreement (the "Agreement") is entered into as of __________ (the "Effective Date"), by and between __________, whose address is __________ (the "Landlord"), and __________, whose address is __________ (the "Tenant").
Property to be leased under this Agreement is located at __________ (the "Premises").
By signing this Agreement, the Tenant agrees to lease the Premises from the Landlord under the terms set forth herein, subject to the laws of the State of South Carolina, including but not limited to the South Carolina Residential Landlord and Tenant Act.
Lease Terms
- Lease Duration: The Lease begins on __________ and ends on __________ unless terminated sooner according to the provisions within this Agreement or applicable law.
- Rent: The monthly rent payment is $__________, due on the first day of each month. If not received by the fifth day of the month, a late fee of $__________ will be incurred.
- Security Deposit: A deposit of $__________ is required before moving in. This will be returned within thirty (30) days of moving out, minus any deductions for damage beyond normal wear and tear.
- Utilities: The Tenant is responsible for paying all utilities associated with the Premises unless otherwise agreed in writing.
- Maintenance and Repairs: The Landlord will maintain the property's structural aspects, while the Tenant is responsible for keeping the property clean and reporting any issues promptly.
Additional Terms
- Pets are allowed/not allowed (circle one). If allowed, a non-refundable pet deposit of $__________ is required.
- The Premises cannot be sublet or used for commercial purposes without the Landlord's written consent.
- The Tenant agrees to abide by all local, state, and federal laws while residing in the Premises.
This Agreement constitutes the entire agreement between the parties concerning the subject matter hereof and supersedes all previous agreements, understandings, and negotiations, whether in writing or oral. This Agreement may only be amended through a written document formally executed by both parties.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the Effective Date first above written.
Landlord's Signature: __________
Tenant's Signature: __________
File Breakdown
| Fact Name | Description |
|---|---|
| General Definition | A South Carolina Lease Agreement is a legal document outlining the terms under which one party agrees to rent property from another party. |
| Governing Law | The lease agreement in South Carolina is governed by South Carolina state laws, particularly those found in Chapter 40, Title 27 of the South Carolina Code of Laws concerning residential rentals. |
| Security Deposit Rules | Under South Carolina law, there is no statutory limit on the amount a landlord can charge for a security deposit, but the landlord must return the deposit within 30 days after the lease ends. |
| Required Disclosures | Landlords must disclose the identity of persons authorized to manage the property and any known presence of lead-based paint for buildings constructed before 1978. |
| Late Fee Regulation | Although South Carolina law does not specifically limit the amount a landlord can charge for late rent, the fee must be considered reasonable and is usually outlined in the lease agreement. |