Landlord Tenant Closing Statement to Reconcile Security Deposit - South Carolina 2026

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  1. Click ‘Get Form’ to open the Landlord Tenant Closing Statement in the editor.
  2. Begin by entering the Landlord's name and the leased premises address at the top of the form. This information is crucial for identifying the parties involved.
  3. Fill in the tenant's information, including names, forwarding address, and new phone number. Ensure accuracy to facilitate communication.
  4. Input the security deposit amount paid, along with any other deposits and rent credits. This section summarizes financial transactions related to the lease.
  5. Detail any charges against the deposit, such as cleaning charges or damage repairs. List each item clearly for transparency.
  6. Calculate total charges, including unpaid rent and uncollected late charges. This will help determine what is owed to both parties.
  7. Finally, indicate amounts due to the tenant and retained by the landlord. Include comments if necessary and ensure all signatures are completed before submission.

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A security deposit is a one-time only payment and cannot be more than one months rent. Landlords must follow certain rules for security deposits during a tenants move in and move out, as well as for returning security deposits.
South Carolina Landlord Tenant Law permits landlords to require tenants to pay a security deposit. The security deposit must be returned to the tenant within thirty days after termination of the tenancy.
The 30-Day Rule In South Carolina, pursuant to SC Code Ann. 27-40-410, housing providers are given a relatively short window to return a residents security deposit. By law, a housing provider must return the deposit within thirty (30) days after: (i) the residents tenancy has been terminated; (ii.)
Its essential to know what cannot be deducted from a tenants security deposit. Prohibited deductions include: Normal Wear and Tear: Deductions for minor wear and tear, such as small scuffs on walls or loose doorknobs, are not permitted.
As per law, the landlord can deduct arrears or major repair expenses from the security deposit before refunding the rest to the tenant. Tenants cannot claim a security deposit refund in cases of rent agreement renewal. The refund amount is only returned if the tenant vacates premises after tenure expiry.
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South Carolinas Security Deposit Laws By law, a housing provider must return the deposit within thirty (30) days after: (i) the residents tenancy has been terminated; (ii.) the resident has vacated; and (iii) the resident has demanded return of the security deposit, whichever is latest to occur.
How Much Can Landlords Charge for a Security Deposit in California? As of July 2024, Californias house rental security deposit law sets a limit of one months rent for most security deposits. Smaller landlords are the exception, and anyone renting four or less units is allowed to charge two months rent.

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