As used in this article:
(1) "Residential property" means an apartment, condominium, single family home, townhouse, cottage, or other property devoted to residential use or occupancy by one or more persons for a definite or indefinite period.
(2) "Rental management company" means a licensed property manager-in-charge or broker-in-charge and their associates and employees who manage vacation rentals.
(3) "Vacation rental" means the lease, sublease, or other rental of residential property for a period of fewer than ninety days, except that it does not include rental of residential property on a weekly or monthly basis pursuant to Chapter 40 of this title, the South Carolina Residential Landlord and Tenant Act.
(4) "Vacation rental agreement" means a written agreement between an owner or the owner's rental management company and a tenant, in which the tenant rents residential property belonging to the owner for a vacation rental. This definition includes electronically transmitted agreements, including, but not limited to, agreements entered into over the Internet and electronic facsimiles.
(5) "Vacation rental management agreement" means a written agreement between an owner and the owner's rental management company, in which the rental management company manages residential property belonging to the owner for a vacation rental. This definition includes electronically transmitted agreements, including, but not limited to, agreements entered into over the Internet and electronic facsimiles.
HISTORY: 2002 Act No. 336, Section 2.
Structure South Carolina Code of Laws
Title 27 - Property and Conveyances
Chapter 50 - The Residential Property Condition Disclosure Act
Section 27-50-10. Definitions.
Section 27-50-20. Scope of article.
Section 27-50-30. Certain transfers excluded from scope of article.
Section 27-50-40. Disclosure statements; contents; owner options.
Section 27-50-60. Corrected disclosure statements; reasonable repairs before closing.
Section 27-50-80. Obligation of purchaser to inspect.
Section 27-50-90. "Psychologically affected" property disclosure exceptions.
Section 27-50-100. Landlord-tenant relationship.
Section 27-50-210. Short title.
Section 27-50-220. Scope of article.
Section 27-50-230. Definitions.
Section 27-50-250. Transfer of title of residential property subject to vacation rental agreement.
Section 27-50-260. Tenant compliance with evacuation orders.
Section 27-50-270. Effect of failure to disclose vacation rental agreement to purchaser.