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Residential lease laws

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 In South Carolina, with a Lease with Option to Purchase, is a landlord legally allowed to make the tenant pay for  property taxes, homeowners insurance, and Flood insurance premiums, and deductibles for any claims?

The landlord received the money from any claims on the homeowners insurance and flood insurance, is this really legal?

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Depends on the terms of the lease. It is not at all uncommon for a tenant to be required to pay all insurance and taxes.  The flood insurance is intended to protect the property owner from loss or damage and is properly paid to the property owner. I.e. the landlord.  The lease-purchaser is not the owner unless and until the end of the lease.

 

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1 hour ago, Sucker? said:

 In South Carolina, with a Lease with Option to Purchase, is a landlord legally allowed to make the tenant pay for  property taxes, homeowners insurance, and Flood insurance premiums, and deductibles for any claims?

The landlord received the money from any claims on the homeowners insurance and flood insurance, is this really legal?

 

Yes, it's legal.

 

The South Carolina landlord tenant statute exempts contracts for sale from the act so anything you agree to in the contract is legal and binding. See 27-40-120(2):

 

https://law.justia.com/codes/south-carolina/2017/title-27/chapter-40/section-27-40-120/

 

Buying a home via lease purchase or contract for sale is a very dangerous way of buying a home. You could very well end up a sucker.

 

 

 

 

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