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South Dakota Standard Residential Lease Agreement

A South Dakota standard residential lease agreement outlines the terms of how a landlord will rent a property to a tenant in return for monthly payments. The terms are to be negotiated after the tenant has viewed and shown an interest in the property.
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Updated October 25, 2024

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After a verbal agreement is made, the landlord will verify the tenant’s credentials (i.e. credit report, employment, income, etc.) through a rental application.

Required Disclosures (2)

  1. Lead-Based Paint Disclosure – For properties built before 1978, landlords must inform tenants that the walls and ceilings may contain lead-based paint.
  2. Methamphetamines Disclosure – If the property was ever used to manufacture methamphetamines, the landlord is required by state law to notify new tenants.[1]

Security Deposit Laws

Maximum Amount – One month’s rent.[2]

Returning – Security deposits must be returned within 14 days of move-out. Deductions, if made, must be listed in writing for the tenant.[3]

Rent Payment Laws

Grace Period – None.

Maximum Late Fee – None.

NSF Fee – A landlord can charge up to $40 as a penalty for a bad check.[4]

Sources

  1. § 43-32-30
  2. § 43-32-30
  3. § 43-32-6.1
  4. § 21-16-1(4)