South Carolina Lease to Own Agreement


A South Carolina rent-to-own contract is an agreement between a tenant and a landlord. The contract allows a tenant to rent the property until they are given a window of time to purchase the property (at a pre-determined price) when nearing the end of the lease. These contracts will typically contain the following several key components:

  1. Terms of the agreement, including the length of the lease, the rent amount, and the purchase price.
  2. List of tenant and landlord responsibilities.
  3. Security deposit and late fee information.
  4. Terms of payment, including payment methods and due dates.
  5. Repairs and maintenance clauses, including who is responsible for the upkeep of the property and how damages will be handled.
  6. Dispute resolution clause that explains how conflicts will be handled.
  7. Termination clause which outlines the conditions under which either party can end the contract.