A South Carolina rent-to-own lease agreement is a traditional lease agreement that includes an option to purchase the property as well. It describes the regular features of a lease agreement, including but not limited to monthly rent, deposits, and responsibilities. Attached is the option to buy the property explaining the purchase price, arrangements, and requirements agreed by the landlord and tenant. The tenant will usually pay the regular monthly rent until they decide they are ready to buy the property. Depending on negotiations, rent paid can apply to the purchase price of the property. The seller in a rent-to-own transaction must issue certain disclosures per South Carolina law.

Seller Disclosures

Use when the tenant decides to purchase the property.

Lead-Based Paint Disclosure – If selling a property built before 1978, the seller is required to supply the buyer with this disclosure.

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Residential Property Condition Disclosure Statement (§ 27-50-40) – Details the seller’s current knowledge of the material condition of the property.

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