Failure by the owner to disclose the existence of a vacation rental agreement to the purchaser, closing attorney, lender, or title insurer does not:
(1) void the sales agreement;
(2) create an encumbrance or defect in title; or
(3) create a cause of action against the purchaser, closing attorney, lender, or title insurer for failure to discover the existence of the vacation rental agreement.
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.