With the start of a new year comes changes to laws and regulations that could impact rental property owners in Charleston and beyond. Staying informed is essential to ensuring compliance and avoiding penalties. Here’s an overview of key updates in 2025 that property owners should know.
1. Revised Eviction Policies
Some states, including South Carolina, have introduced updated guidelines for eviction proceedings in 2025. These changes emphasize:
- Extended Notice Periods: Ensure you provide adequate notice to tenants before initiating eviction, as required by updated state laws.
- Mediation Requirements: Some cases may now require mediation before formal court proceedings.
2. Energy Efficiency Standards
To promote sustainability, new standards for energy efficiency in rental properties may apply, including:
- Upgraded Appliances: Ensure appliances in rental units meet the latest energy efficiency criteria.
- Mandatory Energy Audits: Some jurisdictions require periodic audits to identify inefficiencies and recommend improvements.
3. Property Tax Adjustments
2025 brings updates to property tax laws that may affect rental property owners:
- Assessment Increases: Be prepared for potential increases in assessed property values, which could raise your tax bill.
- Tax Incentives for Green Upgrades: Look for opportunities to offset costs with incentives for eco-friendly improvements.
4. Short-Term Rental Regulations
If you own short-term rental properties, updated ordinances in Charleston could include:
- Zoning Restrictions: Ensure your property is compliant with updated zoning rules for short-term rentals.
- Increased Licensing Fees: Factor higher permit fees into your budget if applicable.
5. Tenant Screening and Privacy Protections
New tenant screening laws prioritize privacy and fairness, requiring:
- Limited Background Checks: Restrictions on what can be considered during the application process.
- Data Protection Measures: Enhanced requirements for securing tenant information.
Staying informed about these legal changes will help you navigate your responsibilities as a property owner in 2025. Consult with a legal expert or property management professional to ensure full compliance.