SD Legislature Logo
Site Search:   
2017 Bill Quickfind:   



Survey Banner
 
43-32-6.1 Maximum security deposit for residential premises--Larger deposit by mutual agreement.
     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.


Chapter 43-32

^ Back to Top