Sharing expenses in case of fire or other disaster
- Statute:
- South Carolina §27-31-260 · Chapter HPA (Horizontal Property Act (S.C. Code §§ 27-31-10 to 27-31-440))
- Topic:
- Insurance · Uninsured loss
- Applies to:
- Condo associations
If there is no insurance or the indemnity is short, rebuilding costs are paid by the co-owners directly affected, in proportion to apartment value (or as the bylaws provide). A majority may proceed at the expense of all who benefit. The rule may be changed only by unanimous resolution of the parties concerned after the disaster.
📄 Read the official text at scstatehouse.gov →
How SoShiny helps with Sharing expenses in case of fire or other disaster
SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees.
See the feature → Start freeFrequently asked
- What does South Carolina §27-31-260 require?
- If there is no insurance or the indemnity is short, rebuilding costs are paid by the co-owners directly affected, in proportion to apartment value (or as the bylaws provide). A majority may proceed at the expense of all who benefit. The rule may be changed only by unanimous resolution of the parties concerned after the disaster.
- Who does South Carolina §27-31-260 apply to?
- South Carolina §27-31-260 applies to Condo associations in South Carolina.
- What happens if our condo doesn't comply with §27-31-260?
- Non-compliance can expose the association and individual directors to disputes in the governing forum for South Carolina community associations. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
- Where can I read the official text of South Carolina §27-31-260?
- The official text is published by the South Carolina General Assembly at scstatehouse.gov. The summary on this page is for plain-English reference only and is not legal advice.
- How does SoShiny help with Sharing expenses in case of fire or other disaster?
- SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees. Learn more →
Not legal advice. This page is a plain-English summary of South Carolina §27-31-260 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a South Carolina-licensed attorney. For the official statutory text, see the link above.
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