South Carolina law · Horizontal Property Act

S.C. Code Ann. § 27-31-180

Records of receipts and expenditures

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What this section does for you

Requires the condo administrator or board to keep a detailed, chronological receipts-and-expenditures book, with both the book and its supporting vouchers open for co-owner examination.
Owner guide: Records & transparency in South Carolina

The statutory text

Verbatim from the public record. The law itself is a government work — always confirm the current version on the official source before you rely on it.

The administrator or the board of administration, or other form of administration specified in the bylaws, shall keep a book with a detailed account, in chronological order, of the receipts and expenditures affecting the property and its administration, and specifying the maintenance and repair expenses of the common elements and any other expenses incurred. Both the book and the vouchers accrediting the entries made thereupon shall be available for examination by all the co-owners at convenient hours on working days that shall be set and announced for general knowledge.

Section facts

S.C. Code Ann. § 27-31-180

What this section does for you

The statutory text

Section facts

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