South Carolina Stipulation of Leasehold Ownership

State:
Multi-State
Control #:
US-OG-274
Format:
Word; 
Rich Text
Instant download

Description

This form is used when a question has arisen as to the ownership of each Party in the leasehold interest assigned to them in an Assignment. The Parties desire, by this Stipulation, to declare and establish each Party's interest in the Lease.

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FAQ

The South Carolina Horizontal Property Act, S.C. Code Ann. §§ 27-31-10, et. seq, (1976 Code, as amended) governs the formation, management, powers, and operation of horizontal property regimes that expressly elect to be governed by the Act by recording a master deed (or Declaration).

This chapter may be cited as the `South Carolina Condominium Act'. Section 27-30-20. The purpose of this chapter is to recognize the condominium form of ownership of real property, and to establish procedures for the creation, sale, and operation of condominiums.

The short answer is yes, you can sell a rental property with tenants in South Carolina. However, it's important to note that there are specific laws and regulations in place to protect the rights of your tenants during the sale process.

You may be able to legally move out before the lease term ends in the following situations. You Are Starting Active Military Duty. ... The Rental Unit Is Unsafe or Violates South Carolina Health or Safety Codes. ... Your Landlord Harasses You or Violates Your Privacy Rights.

SECTION 27-35-130. Notice required for tenants at will and domestic servants. All tenants at will and domestic servants shall vacate the premises occupied upon twenty days' written notice.

Section 27-31-250 - Repair or reconstruction; vote of co-owners; application of insurance proceeds.

SECTION 27-37-10. Grounds for ejectment of tenant. (A) The tenant may be ejected upon application of the landlord or his agent when (1) the tenant fails or refuses to pay the rent when due or when demanded, (2) the term of tenancy or occupancy has ended, or (3) the terms or conditions of the lease have been violated.

When heirs' property is created, the heirs own all the property together (in legal terms, they own the property as ?tenants in common?). In other words, they each own an interest in the undivided land rather than each heir owning an individual lot or piece of the land.

Under South Carolina law, tenants may withhold rent if the landlord fails to provide essential services such as heating systems, water supply, good sanitary conditions, and maintenance.

Where there is no definite term in a rental agreement, the landlord may end the rental agreement. If a tenant pays weekly rent, the Landlord may demand that the tenant move out only after giving the tenant at least 7 days written notice.

More info

Subarticle I Short Title, Construction, Application, and Subject Matter of Chapter SECTION 27-40-10. Short title. This chapter is known and may be cited as ... (c) "Condominium ownership" means the individual ownership of a particular apartment in a building and the common right to a share, with other co-owners, in the ...You may appeal late filing penalties in writing in accordance with South Carolina ... Each plant/operation reporting real, leasehold, or pollution control ... It is necessary to ascertain what liens or encumbrances the fee and the leasehold estates are subject to. All outstanding exceptions to the fee title prior to ... No particular form of words is necessary to create a lease. The lease usually has at least the names of the parties, a description of the rental property ... In consideration of the rent to be paid, the mutual covenants and agreements herein contained, and of other good and valuable consideration, the receipt and ... The plain, bright-line mandate in section 12-37-950 compels the Court to hold that the Leasehold is taxable." The South Carolina Supreme Court sided with the ... May 4, 2015 — LLC AND IS A LICENSED REAL ESTATE BROKER IN THE STATE OF SOUTH CAROLINA. ... of its leasehold interest in Premises, and all personal property ... This information outlines the rights and duties of the landlord in the leasing of residential property under the South Carolina Landlord-Tenant Act. The following table outlines some of the main parts of the South Carolina lease and rental agreement laws. ... a lease with just the mobile home owner. If you ...

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South Carolina Stipulation of Leasehold Ownership