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For example, a tenant and landlord may agree to a five-year lease with a five-year option to renew. At the end of the first five years, the tenant is given the chance to continue the lease for another five years. If you think you may renew, be sure to bring up extension provisions with your landlord.

Lease payments work like rental fees you pay for the right to use the owner's asset under specified terms. The lease payment amount includes costs for monthly depreciation, finance charges, and applicable taxes.

What does assignment of lease mean? To assign a lease means what it says?the lessee or tenant finds and transfers their interest in leased premises to a new person or entity. The incoming tenant would then assume all the rights and responsibilities of the original tenant under the existing lease agreement.

A South Carolina rent-to-own agreement is a legally binding contract allowing a tenant to lease a property while having an option to purchase. The tenant will be obligated to fulfill the terms of the lease if they do not buy the property.

Hear this out loud PauseA filing fee of $96. If you are unable to afford the fee, you can ask to file your case as an indigent by using this form.

Filing the documents THERE IS A $30.00 FEE FOR SERVICE FROM THE SHERIFF'S DEPARTMENT. 1) After you have completed the forms, have them notarized (before coming to the courthouse) and make 2 copies. 2) Take these documents to the Clerk of Superior Court to be filed.