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South Dakota Real Estate Laws

HomeReal Estate South DakotaSouth Dakota Real Estate Laws

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 of 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 landlord’s security deposit should be returned to the tenant upon the termination of the agreement, and it is generally done within 14 days in South Dakota.

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