Make Fillable Legal South Carolina Residential Leases Forms For Free

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.

A South Carolina rent-to-own agreement is a residential lease that includes an option for the tenant to purchase the property at a specific period during the tenancy agreement. It is customary for the tenant to pay either an upfront fee or an additional monthly payment (a rent premium) to acquire their purchase option.

Unlike a standard lease, the landlord and tenant can terminate a month-to-month contract without cause by giving the other party thirty (30) days' notice. The agreement is renewed each month when the tenant pays rent, and the cycle continues until either party gives the other a written notice of termination.

The landlord has the right to enter the dwelling unit with the consent of the tenant to inspect, make repairs, alterations, improvements, supply necessary or agreed services or show the premises to purchasers, lenders, prospective tenants, workmen or contractors.

Under the Residential Landlord-Tenant Act, a tenant may bring an action against the landlord for recovery of damages or to obtain legal relief for any violations by the Landlord. These remedies will be discussed later. A tenant is responsible for paying rent on time.

Yes, Microsoft Word has a free lease agreement template that you can customize to create your own contract and minimize any potential problems between tenant and landlord.