PALMETTO CO. v. McMahon

Sean McMahon appeals the circuit court’s affirming the magistrate’s court’s ruling that the ten-year statute of limitations found in section 15-3-350 of the South Carolina Code (2005) applies to the collection of rent due under a commercial lease. We reverse. 1

FACTS/PROCEDURAL HISTORY 2

On April 13, 1997, McMahon and Palmetto Company entered into a written agreement in which McMahon leased real property from Palmetto Company. The lease was from May 1, 1997, to April 30, 1998, and had an automatic renewal provision for successive twelve-month periods unless either party terminated with three…