What is the security deposit limit in South Carolina?
South Carolina law sets no maximum amount for security deposits; landlords may charge any amount the market will bear. However, landlords must return the deposit with a written itemized statement of deductions within 30 days after termination of the tenancy and delivery of possession by the tenant. If a landlord wrongfully withholds any portion of the deposit, the tenant may recover three times the amount wrongfully withheld plus reasonable attorney's fees. For landlords renting more than four adjoining units who charge different deposit amounts, a posted or delivered statement explaining how amounts are determined is required.