What types of transactions does residential real estate law cover?
Residential real estate law in South Carolina covers a variety of transactions related to the buying, selling, and owning of residential properties. Residential properties are defined as dwellings used for residential purposes, and so these transactions include single-family homes, townhomes, condos, and multi-family residences. The laws related to real estate transactions cover the creation of contracts, lease agreements, mortgages, deeds, and sale and purchase agreements, as well as the proper conduct of each party involved in the transactions. The laws also address the rights and responsibilities of both buyers and sellers during the sale, as well as the right of possession and transfer of title. Real estate laws also cover tenant-landlord disputes, boundary disputes, and other issues related to residential properties. Residential real estate laws also address issues related to the disclosure of information to buyers, such as the right to be provided with information about the property’s condition and any legal issues the seller may be aware of that could affect the sale. Finally, real estate transactions are subject to taxation and zoning regulations, and these laws help ensure that all parties are aware of and comply with any applicable state or local laws.
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