The most commonly used South Dakota lease agreements are standard residential leases, month-to-month residential lease agreements, lease with an option to buy, roommate agreement, subleasing agreement, and a commercial lease agreement.
A standard South Dakota lease agreement is usually written for a term of one year. A South Dakota lease agreement should include the following:
The signatures of the parties. The document isn’t a legally binding contract unless it is signed and dated by the parties.
South Dakota landlords must disclose to tenants whether the property was ever used as a meth lab. If the residential property was constructed before 1978, the tenant is entitled to a disclosure about the possibility of lead paint.
The most a landlord may request as a security deposit is one month of rent unless the landlord can prove that the tenant is more likely to cause damage or create a danger to the premises. The security deposit must be returned to the tenant within 14 days of the end of the lease unless the landlord is withholding part of the deposit for damages. Then, they have 45 days and should provide a list of itemized deductions.