There is a newer version of this Section
2019 South Dakota Codified Laws
Title 43 - Property
Chapter 32 - Lease Of Real Property
§ 43-32-6.1 Maximum security deposit for residential premises--Larger deposit by mutual agreement.
Universal Citation: SD Codified L § 43-32-6.1 (2019)
43-32-6.1. Maximum security deposit for residential premises--Larger deposit by mutual agreement. Any deposit of money, the function of which is to secure the performance of a residential rental agreement or any part of such an agreement, shall be deemed to be a security deposit. A lessor of residential premises may not demand or receive a security deposit, however denominated, in an amount or value in excess of one month's rent except that a larger deposit may be agreed upon between the lessor and the lessee where special conditions pose a danger to maintenance of the premises.
Source: SL 1976, ch 267, § 2.
Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.