Get Sc Form 397 2005-2025

Filling out the SC Form 397 is an important step in the process of allowing a seller to occupy a property after closing. This guide will walk you through each section of the form with clear and concise instructions.

Follow the steps to complete the SC Form 397 online.

1. Press the 'Get Form' button to obtain the form and open it in your preferred online editor.
2. Begin by filling in the names of the Purchaser and Seller in the designated fields at the top of the form. Ensure that both names are correctly spelled and formatted.
3. Enter the property details, including the street address, city, zip code, subdivision name, tax map number, and legal lot number. This information should reflect the property's official records.
4. In the occupancy section, specify the date range during which the Seller will retain possession of the property, filling in the start date of closing and the final possession date.
5. Indicate the per diem occupancy fee that the Seller agrees to pay, starting from the day after closing through the final possession date. Ensure this fee is realistic and agreed upon by both parties.
6. Provide details regarding the maintenance obligations of the Seller. Include any specific rules of occupancy that the Seller needs to follow. This may include property upkeep and adherence to any additional conditions.
7. Specify the utilities for which the Seller will remain responsible during the occupancy, including electricity, water, and garbage collection, among others.
8. Complete the insurance section by confirming that the Seller will maintain necessary insurance coverage until they vacate the property. Note that the Purchaser is not liable for the Seller’s personal property.
9. Review the entry conditions, which allow the Purchaser or their agent to access the property with proper notice, especially in emergency situations.
10. Carefully read through the Seller’s default clause and any provisions regarding assignment and indemnification. Ensure that all stipulations are clear and acceptable.
11. Fill in the remarks section with any additional agreements or observations relevant to the occupancy. This space is for notes that may need to be documented beyond the standard fields.
12. Finally, all parties should sign and date the document at the bottom to confirm their agreement to the terms laid out in the form.
13. After completing the form, you can save the changes, download a copy for your records, print the form, or share it as necessary.

Complete your SC Form 397 online today for a smoother property transaction.