An South Dakota lease agreement is used when renting rental property and it is a contract between the Landlord and Tenants in exchange for monthly rent payments.
Rental Application – Tenant(s) should complete this form before signing lease agreement. This application will confirm the Tenants credit and employment.
Form Options By Type
Standard Residential Lease Agreement
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Simple (1-Page) Lease Agreement
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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
What to Include in the Form?
Required Disclosures (2)
Security Deposits
Maximum – The maximum amount a Landlords can charge a Tenant is one months’ rent.
Returns – All deposits must be returned to the Tenant within fourteen (14) days.
Source: § 43-32-6.1
Landlord Access
General Access – Landlords must provide a 24-hour notice before entering the premises as per state law.
Source: § 43-32-32
Paying Rent
Grace Period – There are no laws governing grace periods in South Dakota.
Late Fees – There is no specific law that limits the amount of late fees Landlords can charge Tenants.
NSF Fee – $40 per bounced check.
Source: § 57A-3-421