The "South Carolina Rent Control Act" aims to regulate residential rent increases in the state by introducing specific restrictions on landlords. Under the new provisions, landlords cannot raise rent for week-to-week tenancies without providing at least seven days' written notice. For other types of tenancies, rent increases are prohibited during the first year and require a minimum of ninety days' notice thereafter. Additionally, any rent increase within a twelve-month period cannot exceed seven percent plus the consumer price index above the existing rent, with certain exceptions for newly constructed units or those receiving government subsidies.

The bill also outlines the necessary details that must be included in the notice of rent increase, such as the amount of the increase and the new rent amount. If a landlord violates these regulations, they may be liable to the tenant for three months' rent plus any actual damages incurred. The act will take effect upon the Governor's approval, establishing a framework for rent control in South Carolina to protect tenants from excessive rent hikes.

Statutes affected:
12/05/2024: 27-39-370
Latest Version: 27-39-370
12/06/2024: 27-39-370