Legal Question in Real Estate Law in South Carolina

security deposit

renting beach condo in s.c.--Contract states all reservations are charged a non-refundable fee for a security deposit waiver. This covers you for any REPORTED ACCIDENTAL damage up to $1,000. This does not negate your responsibilities as a tenant, and only covers REPORTED ACCIDENTAL damage.

Of course these are stacked in the rental company's favor, but in years gone by, if there was no damage, you received your deposit back in about 30 days.

How can this be legal if you do not damage the property? It's seems like a slick way to embezzle. Would appreciate any feedback, and course of action, if there is one.

Thank you


Asked on 7/12/08, 11:05 am

1 Answer from Attorneys
Scott Riddle Law Office of Scott B. Riddle, LLC

Re: security deposit

It is "legal" for adults to exercise their own judgment as to whether or not to enter into contracts. The "course of action" is to not sign contracts unless one wants to be bound by the terms.

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Answered on 7/12/08, 11:11 am


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