Real Estate in South Carolina

If you hold real estate in South Carolina and you grant someone the right to use your property for a recreational activity like hunting or fishing, then you are not considered as giving any legal assurances for the property’s safety.  This can be an important law to know because sometimes friends do come out onto your land to partake in recreational activities and if there were ever an accident you would need to know where you stood legally.  Sometimes people worry that thinking about this in a time when something tragic or horrible has occurred is a bad thing, but in reality it is just a good idea to know this part of the law before an event ever takes place.

Disclosures of Property

If you are considering selling real estate in South Carolina then you should know that upon the sale of the real estate you must furnish the buyer with a disclosure statement that lists the conditions of some of the parts of the property.  These can include the foundation, structural components, the sewage disposal system, plumbing, air conditioning, and restrictions that could otherwise affect the property.  You are also under obligation to tell the new purchaser if there is any lead-based paint, asbestos, or otherwise hazardous materials and environmental contaminants on the property.  However, the state of South Carolina does not consider you liable if you do not disclose factors of which you had no prior knowledge to at the time of the sale.  This could be important if it is found that the ground contained environmental contaminants after the house was sold as this could potentially cost a lot of money to fix later on.

Debts and Property

If you own real estate in South Carolina and you are considered to be in debt, then it is possible that those to whom you owe money could put a lien on the house to ensure that you pay those debts.  If the debts are not paid, then those to whom a person owes money could potentially take them to court and ask for the real estate in the indebted person’s name as payment for expenses owed.  Likewise, if contractors who are owed money take a person to court for expenses incurred, the property owner could be pay the legal fees in addition to the original expenses.

FEATURED LISTINGS FROM NOLO
Swipe to view more
NOLODRUPAL-web2:DRU1.6.12.2.20161011.41205