What type of documents must be retained in the broker's office for a minimum of five years?

In South Carolina, lease agreements must be retained in the broker's office for at least five years as part of the record-keeping requirements for property management and real estate professionals. This retention period is established to ensure that brokers maintain accurate and accessible records that can be reviewed or audited if necessary. Retaining lease agreements is crucial because they establish the legal terms between the landlord and tenant, including the rights and responsibilities of each party.

The other types of documents listed may have different retention requirements or may not be the primary focus of property management record-keeping as they pertain to tasks outside of managing lease agreements specifically. Understanding the importance of keeping these documents organized and accessible helps ensure compliance with state regulations and provides protection for both the broker and the parties involved in the lease transactions.