South Carolina Deposit Interest Rules
no interest requiredSouth Carolina has no statewide requirement that landlords pay interest on security deposits (14 of 51 US jurisdictions do). Your lease may still promise interest — if it does, that promise is enforceable.
Educational information: generated from our South Carolina law database (last updated 2024-01-01). Not legal advice.
How South Carolina compares
14 of 51 US jurisdictions require landlords to pay interest on security deposits. Here is how South Carolina compares with other states in our database.
| State | Deposit Interest Rules |
|---|---|
| South Carolina | no interest required |
| South Dakota | no interest required |
| Tennessee | no interest required |
| Texas | no interest required |
| Utah | no interest required |
Frequently asked questions
- Do landlords have to pay interest on security deposits in South Carolina?
- No statewide statute requires it in South Carolina, though local ordinances or your lease can add the obligation. No statutory limit on deposit amount. Must be stated in lease. Return within 30 days after termination and demand with itemized deductions. Failure to return: 3x amount withheld plus attorney fees (up to $7,500).
- How large can the deposit itself be in South Carolina?
- South Carolina sets no statewide statutory maximum on the deposit amount — it is negotiated in the lease.
- When do I get my security deposit back in South Carolina?
- Generally within 30 days after termination and your demand.
Check Your Lease Against South Carolina Law
Not sure whether your lease complies with South Carolina law? Upload it and our analyzer flags problem clauses — deposit terms, entry rights, fees and prohibited provisions — using the same statute-backed database this page is generated from.
Analyze My Lease FreeEducational tool — not legal advice. First analysis is free, no signup required.
More South Carolina lease law guides
Educational information generated from state statute data — not legal advice. Consult a licensed attorney in South Carolina for your specific situation.