South Carolina Lease Agreement regarding lease of building and premises between Continental, Inc. and Birthday Express, Inc.
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How to fill out Lease Agreement Regarding Lease Of Building And Premises Between Continental, Inc. And Birthday Express, Inc.?
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FAQ
South Carolina Landlord Tenant Law permits landlords to require tenants to pay a security deposit. The security deposit must be returned to the tenant within thirty days after termination of the tenancy. Past due rent and the cost of damages can be withheld from the security deposit.
Here's a list of common fields that should be covered in your lease agreement: Basic information about all tenants. Include the full name and contact information of each tenant. ... Description of rental property. ... Security deposit. ... Monthly rent amount. ... Utilities. ... Lease term. ... Policies. ... Late fees.
When you have an oral lease on a month-to-month basis, it may be ended at the end of the 30-day period. However, under a written lease, the lease ends at the time stated in the lease unless either the landlord or the tenant violates the terms of the lease, making the lease end.
A lease arrangement is a contract between the lessor and the lessee in which the lessor agrees to allow the lessee to use one of its assets and the lessee agrees to make lease payments. Leases must be classified as either finance leases or operating leases.
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.
A South Carolina month-to-month rental agreement is a lease with no end date that continues until either the landlord or tenant terminates or amends the lease. A month-to-month lease continues and renews automatically each month with the payment of rent by the tenant.
The term ?Lease Year? shall mean a period of twelve (12) full consecutive calendar months. The first Lease year shall commence as of the Commencement Date. Each subsequent Lease Year shall commence on the anniversary of the commencement date of the first Lease Year.
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.