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2021 South Dakota Codified Laws
Title 43 - Property
Chapter 32 - Lease Of Real Property
Section 43-32-6.1 - Maximum security deposit for residential premises--Larger deposit by mutual agreement.
Universal Citation: SD Codified L § 43-32-6.1 (2021)
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.
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