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The South Carolina Standard Lease Agreement produces a valid submission of the terms and conditions within an arrangement to lease a property in exchange for financial compensation. A residential rental transaction is a conventional tool used to retain a record of the commitments made by a landlord and tenant surrounding the lease understanding. Generally, the first step in renting a property is negotiating the provisions of the accord to then summarize in a contract and execute upon agreement to the terms. The paperwork maps out the following information:

Identities of Lessor(s) and Lessee(s)
Identities of Managing Agent(s)
Rental Property Address
Lease Term Length
Rental Payment Amount
Rental Payment Due Date
Security Deposit Amount
Fees

The document continues to allocate provisions to policies regarding the rental property use and rules for both the landlord and tenant for the duration of the lease. Once the parties have secured their signatures to the form, the statements within the agreement will be adhered to in order to avoid a breach of contract.

Rental Application – A typical leasing covenant is a business commitment that may require due diligence on behalf of the property owner. The burden of conducting a thorough background evaluation will ensure that the possible tenant is qualified for tenancy and can afford the required payments to occupy the unit. Utilizing the application will aid in gaining the data and permissions needed to follow-through with the vetting process.