South Carolina Commercial Lease Modification Agreement

State:
Multi-State
Control #:
US-OL18022
Format:
Word; 
PDF
Instant download

Description

This office lease agreement fully embodies the terms and conditions of the agreement between the parties for the modification [and extension] of the Lease. Any modification, rescission, termination, extension, or waiver of this agreement or any provision made shall not be valid or enforceable unless it is in a writing signed by all parties.

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FAQ

South Carolina law dictates that a tenant must vacate the property within 24 hours upon receiving or posting of the Writ of Ejectment. Only the appropriate law enforcement officers are allowed to forcibly evict a tenant.

In case of lack of fulfillment by one of the parties of his obligations to the stated conditions in this agreement, this agreement might be terminated by the initiative of the other party.

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.

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 first amendment lease allows you to make a decision so that you can get the equipment you need and still have the option to buy it down the road. When the lease term expires, you are able to exercise the right to purchase the equipment at a fair market price.

A modification of lease, also called a lease amendment or lease modification, is an agreement that formally changes the original terms and conditions of a lease. It allows the parties to agree to changes without having to sign an entirely new lease.

If your lease is written, the amount of notice should be stated in it. If you have an oral agreement, either the landlord or the tenant may end the lease by giving notice to the other party. Proper notice is 7 days if you rent by the week or 30 days if you rent by the month. The notice must be in writing.

Terminating Tenancy Early In South Carolina Rentals A tenancy may terminate for a variety of reasons. Your lease may terminate as scheduled in the lease agreement, your tenant may extend their tenancy to a month-to-month agreement, or you or the tenant may need to terminate the lease early.

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South Carolina Commercial Lease Modification Agreement