4. Buyer agrees to pay all taxes on the real property. All county and/or municipal taxes will be
due upon receipt of the tax notice from ________________________, annually. In the event
that the taxes are not paid before such time, seller will pay same. The costs of the taxes plus
penalties will be added to the buyers’ next monthly payment. If this amount is not paid by the
buyer, the default clause of the contract will apply.
5. Upon full performance by buyer, the seller shall deliver to the buyer a good marketable title
(warranty deed), subject only to the current taxes for that year.
6. That it is mutually understood and agreed that time is of the essence of this contract: and if
the buyer becomes in default of the payment of any sums under the terms of this contract for
a period in excess of three (3) months, the seller shall have the right to declare this contract
null and void, and all sums paid prior to that date shall be forfeited to the seller as liquidated
damages and deemed to be entitled to the immediate possession of the real property and to
eject the buyer thereon in the same manner as provided for ejection of the tenant when
holding over after the expiration of their contract.
7. The buyer understands and agrees that this contract is not assignable by them, without
written consent of the seller.
8. The seller agrees to pay for the preparation of the deed and the documentary stamps.
9. The seller shall not be responsible for the loss of or damage to property or injury to persons,
occurring in or about the demised premises, by reason of any of any existing of failure
condition, defect, matter or thing in said demised premises or the property of which the real
property is a part, or for nets, omission or negligence of the other persons or tenants in and
about the real property. The buyer agrees to indemnity and save the seller harmless from all
claims and liability for losses of or damage to the real property, or injuries to persons
occurring in or about the demised property.
10. It is agreed that in the event that the buyer defaults as set out above, the seller shall be
entitled to reimbursement from the buyer form the buyers for any court cost or attorneys’
fees for enforcement of this agreement and/or taking the necessary legal steps to protect
their interest.
11. The parties further agree and consent that this instrument expresses the entire agreement
between them, their executors, administrators, successors, heirs and assigns.
Note: This form does not constitute the rendering of legal advice. Consult an attorney licensed to practice law in
the State of South Carolina on legal matters.