Bill > H3847

This bill adds a new section to South Carolina law to regulate how co-owned homes can be governed by establishing clear limitations on municipal regulations. Specifically, the bill defines a "co-owned home" as a residential dwelling jointly owned by individuals or entities for their use and enjoyment, and mandates that any regulations regarding the use, sale, disposition, prohibitions, restrictions, fees, or taxation of such homes must be enacted exclusively by the General Assembly. The bill prevents municipalities from creating ordinances that would regulate how owners use their co-owned homes or charge fees from the owners' guests, though municipalities retain some limited regulatory powers. Municipalities can still enact rental ordinances (without restricting owner use), and can apply land use regulations equally to all residential dwellings without treating co-owned homes as commercial properties. Counties also retain their regulatory authority. The bill's underlying rationale, as stated in its preamble, is to protect property owners' rights and ensure the transferability of property interests without unreasonable restrictions. The new law would take effect immediately upon the Governor's approval.

Budget and Finance, Business and Industry

https://www.scstatehouse.gov/billsearch.php?billnumbers=3847&session=126&summary=B