South Carolina Owner Builder Disclosure Statement
Description
Definition and meaning
The South Carolina Owner Builder Disclosure Statement is a legal document that allows a property owner to act as their own builder when undertaking residential construction projects. This disclosure is provided under South Carolina law, specifically Title 40, Chapter 59, Article I, Section 40-59-260. It outlines the responsibilities and obligations of the owner builder in compliance with state regulations.
Who should use this form
This form is designed for property owners in South Carolina who intend to construct or improve a one-family or two-family residence without hiring licensed builders or specialty contractors. It is essential for those who wish to take on the responsibility of supervising the construction process themselves, rather than relying on professional builders.
Legal use and context
The South Carolina Owner Builder Disclosure Statement is a protective measure that ensures compliance with state construction laws. When using this form, property owners must adhere to specific rules: the construction must be for the owner’s own use, and if they sell or rent the building within two years of completion, it may be seen as a violation of the exemption granted by the law. This form must be filed promptly as a public record.
Key components of the form
The Owner Builder Disclosure Statement includes several essential components, such as:
- A declaration from the owner builder acknowledging the responsibilities involved.
- Details regarding the property, including the address and tax map number.
- Signature lines for the owner builder and witnesses.
- A section for notarization to authenticate the document.
Common mistakes to avoid when using this form
When completing the South Carolina Owner Builder Disclosure Statement, users should be cautious of the following common errors:
- Failing to provide accurate property information, such as the correct address or tax map number.
- Not having the document properly witnessed or notarized.
- Neglecting to file the disclosure with the register of deeds, which can revoke the statutory exemption.
How to fill out South Carolina Owner Builder Disclosure Statement?
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