This form is used when Optionor grants and assigns the exclusive right and option, but not the obligation, to lease all or a portion of the Option Lands under the identical terms and conditions to purchase an Oil and Gas Lease on Lessor's undivided mineral interest in and under the lands covered in this lease.
South Carolina Option to Lease
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State:
Multi-State
Control #:
US-OG-684
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Word;
Rich Text
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FAQ
A tenant can break a lease early in South Carolina, without penalty, if an early termination clause exists in the lease. A tenant would only be able to break a lease early if an early termination clause exists. An early termination clause will allow a tenant to end a lease early by paying a penalty.
In South Carolina, landlords can terminate a month-to-month rental agreement for any reason and at any time as long as they provide a 30 days' written notice to the other party. Tenants can also end the lease at any time.
Can Tenants Withhold Rent in South Carolina? 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.
For short-term rental agreements, the rental time must be well specified with dates and even arrival and departure times. Additionally, the landlord may specify conditions, e.g., handing over the keys to the landlord on the last day, small inventory to ensure the property is complete, etc.
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.
The renter has a chance to buy a property in the future at today's prices. If the renter doesn't have the money saved today to buy the home but is worried the home's value will increase in the next few years, the lease option is a good choice.
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.
If your landlord repeatedly violates your rights to privacy, or does things like removing windows or doors, turning off your utilities, or changing the locks, you would be considered "constructively evicted," as described above; this would usually justify you breaking the lease without further rent obligation.