South Carolina Security Deposit Collections & Holdings

Last Updated: January 27, 2023 by Ashley Porter

To learn about laws on security deposit returns in South Carolina, click here.

Maximum Security Deposit Allowed in South Carolina

There is no limit on how much a landlord can collect for a security deposit in South Carolina. While other states impose a maximum security deposit limit, such as one month’s rent, South Carolina does not.

Can Landlords Charge an Additional Pet Deposit in South Carolina?

Yes, landlords can collect an additional pet deposit in South Carolina, except for service dogs and emotional support animals.

How Much Rent Can a Landlord Collect Upfront in South Carolina?

There is no limit on the amount of rent that can be collected upfront in South Carolina. Many states have a limit on the amount of rent that can be collected at once, but South Carolina does not.

Security Deposit Collections in South Carolina

In South Carolina, there are no additional requirements for landlords that collect a security deposit, except when landlords collect different security deposits for 5 or more adjacent rental units.

In that case, landlords must disclose to those tenants how security deposits are calculated. [1] The disclosure can be included in the lease agreement, in a separate statement, posted where rent is paid, or posted in another conspicuous place, like the leasing office.

Do Landlords Have to Provide a Receipt for the Security Deposit in South Carolina?

Landlords are not required to provide a receipt for the security deposit in South Carolina, although some states like Washington require a receipt.

What Obligations Do Landlords Have to Establish the Condition at Move-in in South Carolina?

South Carolina law does not require landlords to document or establish the property’s condition at move-in. While other states legally require a written inventory of damages to be completed when collecting a security deposit, South Carolina does not.

Security Deposit Holdings in South Carolina

South Carolina law does not require landlords to hold security deposits separate from other funds.

Are Tenants Entitled to Interest on Their Security Deposit in South Carolina?

South Carolina law does not require landlords to provide interest on held security deposits.

How Are Security Deposits Accounted for in South Carolina?

Security deposits are not considered taxable income when they are collected.

What Happens to a Security Deposit When the Property is Sold in South Carolina?

When a property is sold in South Carolina, the original landlord remains liable [2] for the return of the security deposit until both of the following occur:

• The tenant is notified in writing of the sale and transfer
• The security deposit is transferred to the new owner