Deposit rules / South Carolina

South Carolina security deposit rules

South Carolina sets no statutory limit on the size of a security deposit. The deposit must be returned itemized notice and refund within 30 days after the later of termination of the tenancy, delivery of possession, and the tenant's demand; tenant must provide a forwarding address, with an itemised list of any deductions. No interest is owed on the deposit under state law.

Maximum deposit
No limit
No statutory limit
Return deadline
30 days
Itemized notice and refund within 30 days after the later of termination of the tenancy, delivery of possession, and the tenant's demand; tenant must provide a forwarding address
Interest
Not required
Statute

What the law requires

S.C. Code § 27-40-410

No statutory limit. Returned Itemized notice and refund within 30 days after the later of termination of the tenancy, delivery of possession, and the tenant's demand; tenant must provide a forwarding address. Wrongful withholding: treble damages plus attorney fees. Landlords of more than four adjoining units who use different deposit standards must post or disclose the standards.

Move-out checklist

Related South Carolina rules

Frequently asked questions

How much can a landlord charge for a security deposit in South Carolina?

There is no statutory cap in South Carolina; the market and the lease decide. Wrongful withholding: treble damages plus attorney fees. Landlords of more than four adjoining units who use different deposit standards must post or disclose the standards.

How long does a landlord have to return a security deposit in South Carolina?

Itemized notice and refund within 30 days after the later of termination of the tenancy, delivery of possession, and the tenant's demand; tenant must provide a forwarding address. The statute is S.C. Code § 27-40-410.

Does a South Carolina landlord have to pay interest on the security deposit?

No. South Carolina law does not require interest on residential security deposits.

Deposit rules in other states