The South Carolina commercial lease agreement is an agreement between the landlord or property owner and a business seeking commercial space. This contract defines the financial and maintenance responsibilities of each party, as well as certain terms and conditions. It is often more complicated than a residential lease.
South Carolina Commercial Landlord/ Tenant Law
- If the property was built before the year 1978, the landlord must inform the tenant that lead-based paint could have been used in its construction. This substance could be harmful to pregnant women and young children, so it is best if the tenant knows about it before opening up their business.
- When a tenant in South Carolina holds over in the commercial unit three months after the lease expires, the tenant will be required to pay double the rent that was originally agreed upon.
- Under the terms of an as-is lease, the landlord does not legally need to make repairs on the commercial property that is being rented out.
- How the utilities for the property are going to be covered should be included in the commercial lease document, especially when there are different units in the same building.
- The commercial lease should be notarized, but it is not required in this state.