What are the laws governing the return of tenants' security deposits?

In South Carolina, tenants must be aware of the laws governing the return of security deposits. These laws are specific to South Carolina and vary from state to state. When a tenant moves out of a rental property, the landlord must return the security deposit within thirty days. In order to do this, the landlord must first inspect the property to determine the condition of the rented premises. If there are any damages, the landlord must provide a written list of the damages and their estimated cost. The landlord must then deduct the cost of the damages from the tenant’s security deposit. The balance can then be returned to the tenant. If the landlord does not return the security deposit or a written list of damages within thirty days, the tenant can file a complaint with their local rent board. The rent board will then investigate the complaint and determine whether the tenant is entitled to a refund. If the landlord is found to be in violation of the law, they may be ordered to pay the tenant three times the security deposit, as well as other costs associated with the complaint. In South Carolina, there are specific laws governing the return of tenant security deposits and tenants should familiarize themselves with these laws before entering into a rental agreement. Knowing the rules surrounding security deposits can help ensure that tenants get a fair return of their deposits when they move out.

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What are the laws governing the return of tenants' security deposits?

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