The South Dakota standard rental lease agreement form is used when renting rental property between the Landlord and Tenant in exchange for monthly rent payments. The agreement becomes legally binding once signed by both parties.
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Most Recent US Home Facts
- Population (2023): 334,914,895
- Median Households (2022): 125,736,353
- Median Household Income (2022): $75,149
- Owner-occupied Households (2022): 64.8%
Source: U.S. Census Bureau
Required Disclosure Forms
Security Deposit Requirements
Maximum Amount – One months’ rent amount.
Returning to Tenant – Within fourteen (14) days of the lease end date stated in the agreement.
Source: § 43-32-6.1
Landlord Access to Rental Property
Landlords must provide a 24-hour notice before entering the rental unit unless it’s an emergency.
Source: § 43-32-32
Rent Payment and Late Fees
Grace Period – There’s no governing laws regaurding grace periods in South Dakota.
Late Rent Fees – There is no law that limits the amount of late fees Landlords can charge Tenants.
NSF Fees – $40 per bounced rent check.
Source: § 57A-3-421