Unequal Deposits (§ 27-40-410) – If the owner owns more than four (4) adjacent residential units and imposes different deposit amounts for different criteria of an individual, the rules for setting this amount must be indicated by the owner in a striking place or recorded in the rental agreement. The South Carolina monthly lease allows a tenant to occupy a particular residential property without a set termination date for a monthly fee. The contract expires for an indefinite period until one of the parties, landlords or tenants, gives the other a written statement of its intention to terminate the contract. A monthly lease should be treated in the same way as a standard lease for residential buildings. The lessor should check the creditworthiness and context of the potential tenant through a rental application form. In addition.