Condo company sues Myrtle Beach, says new long-term rental ban cost them over $16M (SC)

/ Owner - February 7, 2025

Myrtle Beach’s new long-term rental regulations face a legal challenge from a condominium company that alleges the city’s policy will cost the firm millions in profit.  MBSC Property South LLC has accused the city of causing them more than $10 million in damages. They also say the company will lose over $6 million in projected profit since the city enacted its moratorium and ban on where hotel rooms can be converted into long-term rentals.     Read the article…………………………….

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