South Dakota Rental Agreement Templates
The South Dakota rental agreements are contracts for real property, written between a landlord and the tenant who seeks to use the property in exchange for regular payments (“rent”). The agreements establish the terms for the use of the property and must comply with South Dakota’s landlord-tenant laws.
South Dakota Residential Lease Agreement
The South Dakota residential lease agreement (“rental agreement”) is a written contract for the exchange of the temporary use of a residential property for regular, periodic payments (“rent”). Once signed by the landlord and tenant, the document becomes legally binding for both parties.
South Dakota Month-to-Month Rental Agreement
The South Dakota month-to-month rental agreement is often called a “Tenancy at Will” due to the relaxed rental period agreed upon by the landlord and tenant. The contract is usually created with only a Security Deposit required by the tenant. Either party may alter or void the agreement with at least one (1) month’s notice (if any of the inhabitants are in the military, the landlord must give at least two (2) months’ notice).
South Dakota Rental Application Form
The South Dakota rental application form is part of the tenant application process. For a small fee, a tenant submits this information to the landlord they want to rent from. The landlord can use it to order background checks and history reports before entering into a lease.
South Dakota Roommate Agreement
A South Dakota roommate agreement outlines basic renting conditions and verifies that roommates consent to such rules while sharing a living space. The use of the agreement is always recommended regardless of whether the roommates are students in a dorm room or retirees seeking to save some money. There will be several key components in this document dealing with the specifics of the Rental Period, Rent, Utilities, Securities, Day-to-Day Household Responsibilities, and Personal Property/Storage. By documenting these items, the concerned roommates will enjoy the benefit of having a signed agreement from each person stating the intent to follow the rules and uphold their responsibilities. This serves as a precautionary measure against any disagreements caused by confusion or oversight.
South Dakota Commercial Lease Agreement
The South Dakota commercial lease agreement is a contract by which a landlord agrees to lease an industrial, commercial, or office property to a tenant in exchange for monthly payments. The document must include the term of the lease, the handling of expenses, and the amount that the tenant must pay each month for rent. The agreement may include the upfront payment of a security deposit, as well as penalties for late rent payments as protection against the tenant failing to pay rent or terminating the lease early. Before committing to an agreement, the landlord should look up an applicant’s credit history, as well as verifying their business entity.
South Dakota Disclosures
Lead-Based Paint Disclosure – Federal law that requires all landlords of residential units built before 1978 must be made aware to the tenant by issuing the lead paint disclosure form.
Methamphetamines (§ 43-32-30) – If the landlord is aware that the residential property was used for the manufacturing of Methamphetamines, or simply known as a “Meth-lab”, then the tenant must be informed.
South Dakota Security Deposits
Maximum (§ 43-32-6.1) – One (1) month’s rent unless the landlord can prove the tenant shall pose an extra danger to the premises.
Returning (§ 43-32-24) – All funds must be released back to the tenant within fourteen (14) days. If there are subtractions the lessee has the right to request the itemized deductions within forty-five (45) days.