The South Carolina Standard One (1) Year Lease is typically the simplest and most common of all long term leases. As it is a common form of residential lease, the language involved should be simple and clear. Unlike a Month to Month Lease, it cannot be altered or terminated until it has finished, unless a clause in the lease itself provides for an alteration.
As a One Year Lease cannot be terminated without cause and filing for eviction, which can cost the landlord a significant amount of time and money without any guarantee of recompense, or completely destroy the tenant’s chances of getting another long term lease, both landlord and tenant should be completely certain of the tenant’s ability to maintain their lease for its entirety.
Once the lease has ended, both the landlord and tenant will have the option to renegotiate and renew the lease, to move to a Month to Month Lease, or to simply allow it to terminate and move.
Any long term lease will be subject to all the laws governing residential leases, which can be found in the S.C. Code. Title 27-33 to 27-50.
- South Carolina landlords are required to disclose the name and address of the owner of the property, the person authorized by the owner to manage the property and any person authorized to act on their behalf.
- South Carolina state law requires that, if the property contains five (5) or more units and one or more tenants are being charged a different security deposit than the other tenants, that the landlord disclose in writing the method used to calculate security deposits and either present it to the tenants or post it in an obviously conspicuous place.
- Federal law requires that the landlord disclose the presence of any lead paint based hazards on or around the property.