§ 27-31-410 “Conversion of rental units to condominium ownership” defined
§ 27-31-420 Rights and duties of owners, landlords, and tenants when rental units are converted to condominiums; notices; offers; vacation; phased conversions
§ 27-31-430 Disclosure of physical condition of building
§ 27-31-440 Abandoning conversion program
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Terms Used In South Carolina Code > Title 27 > Chapter 31 > Article 2 - Conversion of Rental Units to Condominium Ownership

  • Contract: A legal written agreement that becomes binding when signed.
  • conversion of rental units to condominium ownership: means the establishment of a horizontal property regime encompassing a preexisting building which, at anytime prior to the recording of the master deed or master lease, was wholly or partially occupied by persons as their residence on a permanent or at least a continuing basis other than persons who, at the time of such recording, had contractual rights to acquire condominium ownership within the building. See South Carolina Code 27-31-410
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Statute: A law passed by a legislature.