<html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 43-32-24 - Return of security deposit after termination of tenancy--Withholding--Itemized accounting--Forfeiture of withholding rights--Punitive damages.</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s64c706dde561442fb8f49b94e44d8e90Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s64c706dde561442fb8f49b94e44d8e90SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s64c706dde561442fb8f49b94e44d8e90CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s64c706dde561442fb8f49b94e44d8e90Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s64c706dde561442fb8f49b94e44d8e90DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s64c706dde561442fb8f49b94e44d8e90StatuteNumber1 { margin-left: 0.75in; text-indent: -0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } p.s64c706dde561442fb8f49b94e44d8e90StatuteNumber2 { margin-left: 1.25in; text-indent: -0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s64c706dde561442fb8f49b94e44d8e90DefaultParagraphFont-000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s64c706dde561442fb8f49b94e44d8e90000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s64c706dde561442fb8f49b94e44d8e90NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s64c706dde561442fb8f49b94e44d8e90DefaultParagraphFont-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s64c706dde561442fb8f49b94e44d8e90SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 43-32-24 - Return of security deposit after termination of tenancy--Withholding--Itemized accounting--Forfeiture of withholding rights--Punitive damages."><meta property="og:description" content="SDLRC Codified Law 43-32-24 - Return of security deposit after termination of tenancy--Withholding--Itemized accounting--Forfeiture of withholding rights--Punitive damages."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/43-32-24"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s64c706dde561442fb8f49b94e44d8e90Normal"><a href="https://sdlegislature.gov/Statutes?Statute=43-32-24" rel="noopener"><span class="s64c706dde561442fb8f49b94e44d8e90SENU">43-32-24</span></a><span xml:space="preserve" class="s64c706dde561442fb8f49b94e44d8e90SENU">. </span><span class="s64c706dde561442fb8f49b94e44d8e90CL">Return of security deposit after termination of tenancy--Withholding--Itemized accounting--Forfeiture of withholding rights--Punitive damages.</span></p><p dir="ltr" class="s64c706dde561442fb8f49b94e44d8e90Statute"><span xml:space="preserve" class="s64c706dde561442fb8f49b94e44d8e90DefaultParagraphFont">Every lessor of residential premises shall, within twenty-one days after the termination of the tenancy and receipt of the tenant's mailing address or delivery instructions, return the security deposit described in § </span><a href="https://sdlegislature.gov/Statutes?Statute=43-32-6.1" rel="noopener"><span class="s64c706dde561442fb8f49b94e44d8e90DefaultParagraphFont">43-32-6.1</span></a><span xml:space="preserve" class="s64c706dde561442fb8f49b94e44d8e90DefaultParagraphFont"> to the tenant or furnish to the tenant a written statement showing the specific reason for withholding the deposit, or any portion of the deposit. The lessor may withhold from the deposit only the amounts reasonably necessary to:</span></p><p dir="ltr" class="s64c706dde561442fb8f49b94e44d8e90StatuteNumber1"><span class="s64c706dde561442fb8f49b94e44d8e90DefaultParagraphFont">(1)    Remedy tenant defaults in the payment of:</span></p><p dir="ltr" class="s64c706dde561442fb8f49b94e44d8e90StatuteNumber2"><span class="s64c706dde561442fb8f49b94e44d8e90DefaultParagraphFont">(a)    Rent; and</span></p><p dir="ltr" class="s64c706dde561442fb8f49b94e44d8e90StatuteNumber2"><span class="s64c706dde561442fb8f49b94e44d8e90DefaultParagraphFont">(b)    Other funds due to the landlord pursuant to an agreement; and</span></p><p dir="ltr" class="s64c706dde561442fb8f49b94e44d8e90StatuteNumber1"><span class="s64c706dde561442fb8f49b94e44d8e90DefaultParagraphFont">(2)    Restore the premises to their condition at the commencement of the tenancy, ordinary wear and tear excepted.</span></p><p dir="ltr" class="s64c706dde561442fb8f49b94e44d8e90Statute"><span class="s64c706dde561442fb8f49b94e44d8e90DefaultParagraphFont">Within forty</span><span class="s64c706dde561442fb8f49b94e44d8e90DefaultParagraphFont-000000">-</span><span class="s64c706dde561442fb8f49b94e44d8e90DefaultParagraphFont">five days after termination of the tenancy, upon request of the lessee, the lessor must provide the lessee with an itemized accounting of any deposit withheld.</span></p><p dir="ltr" class="s64c706dde561442fb8f49b94e44d8e90Statute"><span class="s64c706dde561442fb8f49b94e44d8e90DefaultParagraphFont">Any lessor of residential premises who fails to comply with this section forfeits all rights to withhold any portion of the deposit.</span></p><p dir="ltr" class="s64c706dde561442fb8f49b94e44d8e90Statute"><span class="s64c706dde561442fb8f49b94e44d8e90DefaultParagraphFont">The bad faith retention of a deposit, or any portion of a deposit, by a lessor of residential premises, in violation of this section, or the bad faith failure to provide the written statement or itemized accounting, as required by this section, subjects the lessor to punitive damages not to exceed two hundred dollars.</span></p><p dir="ltr" class="s64c706dde561442fb8f49b94e44d8e90Normal"><span xml:space="preserve" class="s64c706dde561442fb8f49b94e44d8e90000001"> </span></p><p dir="ltr" class="s64c706dde561442fb8f49b94e44d8e90NoIndent"><span xml:space="preserve" class="s64c706dde561442fb8f49b94e44d8e90DefaultParagraphFont-000002">Source: </span><span class="s64c706dde561442fb8f49b94e44d8e90SCL">SL 1976, ch 267, § 3; SL 1984, ch 281, § 1; SL 2026, ch 179, § 1.</span></p></div></body></html><br /><hr><br /><html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 43-32-24 - Return of security deposit after termination of tenancy--Withholding--Itemized accounting--Forfeiture of withholding rights--Punitive damages.</title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2065586Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2065586SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2065586CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2065586Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2065586DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2065586Normal-000001 { margin-top: 0; margin-bottom: 0; text-indent: 0.25in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2065586000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2065586SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2065586SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2065586Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=43-32-24.1"><span class="s2065586SENU">43-32-24.1</span></a><span xml:space="preserve" class="s2065586SENU">. </span><span class="s2065586CL">Commercial security deposits.</span></p><p dir="ltr" class="s2065586Normal-000000"><span class="s2065586DefaultParagraphFont">For the purposes of this section, the term, commercial premises, means any real property for lease that does not consist of residential property, agricultural land, or any quantity of municipal lots. A lessor of commercial premises shall, within sixty days after the termination of the tenancy and receipt of the tenant's mailing address or delivery instructions, return any security deposit to the tenant, or furnish to the tenant, a written statement showing the specific reason for the withholding of the deposit or any portion thereof. The lessor may withhold from the deposit only the amounts reasonably necessary to remedy tenant defaults in the payment of rent or of other funds due to the landlord pursuant to an agreement or to restore the premises to their condition at the commencement of the tenancy, ordinary wear and tear excepted. Within ninety days after termination of the tenancy, upon request of the lessee, the lessor shall provide the lessee with an itemized accounting of any deposit withheld.</span></p><p dir="ltr" class="s2065586Normal-000001"><span class="s2065586DefaultParagraphFont">Any lessor of a commercial premises who fails to comply with this section shall forfeit all rights to withhold any portion of the deposit.</span></p><p dir="ltr" class="s2065586Normal-000001"><span class="s2065586DefaultParagraphFont">The bad faith retention of a deposit or any portion of a deposit by a lessor of commercial premises in violation of this section, including failure to provide the written statement and itemized accounting required by this section, shall subject the lessor to punitive damages not to exceed two hundred dollars.</span></p><p dir="ltr" class="s2065586Normal"><span xml:space="preserve" class="s2065586000002"> </span></p><p dir="ltr" class="s2065586Normal"><span class="s2065586SCL">Source:</span><span xml:space="preserve" class="s2065586SCL-000003"> SL 2019, ch 193, § 1.</span></p></div></body></html>