A bill

TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 27-50-250, RELATING TO THE TRANSFER OF A TITLE OF RESIDENTIAL PROPERTY SUBJECT TO A VACATION RENTAL AGREEMENT, SO AS TO EXTEND CERTAIN TIME PERIODS.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION 1.  Section 27-50-250(A) of the S.C. Code is amended to read:

    (A) The grantee of residential property subject to a vacation rental shall take title subject to the vacation rental agreement and the vacation rental management agreement for all vacation rental periods that begin no later than ninety one hundred eighty days after the date the grantee's interest is recorded in the office of the register of deeds. If the vacation rental begins more than ninety one hundred eighty days after the recording of the grantee's interest, then no party has the right to enforce the terms of the vacation rental agreement or occupancy provided for in the agreement, but the tenant is due a refund of any payments towards the agreement within forty-five days of the recording of the transfer of interest.

SECTION 2.  This act takes effect upon approval by the Governor.

----XX----