Summary of the Law

South Carolina Homeowner's Association

While South Carolina does not have a comprehensive law detailing how a Homeowner’s Association must operate, Associations must follow the South Carolina Homeowner's Association Act.  Some states have enacted laws that require Reserve Studies and inspections by engineers. Certain other laws may apply as well.  In summary, South Carolina does not require Reserve Studies but does require funding for Homeowner’s Associations. Certain HOA disclosures are required for real property transfers.

Each Association needs a Reserve Study to have a sound financial plan to address the need for maintaining their capital improvements. A Reserve Study offers a funding strategy to ensure adequacy of reserves for the capital improvements.