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South Dakota Real Estate Laws

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The laws surrounding the security deposits fall under a category of South Dakota real estate laws of the state.

Renters are supposed to pay a specific sum of money as a security deposit to the landlord.

This deposit amount in general is the security to the property and is collected to prevent any further obligations.

Information about Security deposits:

  • Security deposit amount:

According to the real estate law, the minimum amount that is paid as a security deposit in South Dakota in general is a month’s rent. It is generally refundable.

  • Security deposit limit:

The security deposit should be returned by the landlord to the tenant upon the termination of the agreement and it is generally done within a time span of 14 days in South Dakota.

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