<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 57A-2A-208 - Modification, rescission, and waiver.</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s7247dd94841644559d195af6341892e7Normal { 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.s7247dd94841644559d195af6341892e7SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s7247dd94841644559d195af6341892e7CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s7247dd94841644559d195af6341892e7StatuteNumber1 { margin-left: 0.75in; text-indent: -0.50in; text-align: justify; 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margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 57A-2A-208 - Modification, rescission, and waiver."><meta property="og:description" content="SDLRC Codified Law 57A-2A-208 - Modification, rescission, and waiver."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/57A-2A-208"><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="s7247dd94841644559d195af6341892e7Normal"><a href="https://sdlegislature.gov/Statutes?Statute=57A-2A-208" rel="noopener"><span class="s7247dd94841644559d195af6341892e7SENU">57A-2A-208</span></a><span xml:space="preserve" class="s7247dd94841644559d195af6341892e7SENU">. </span><span class="s7247dd94841644559d195af6341892e7CL">Modification, rescission, and waiver.</span></p><p dir="ltr" class="s7247dd94841644559d195af6341892e7StatuteNumber1"><span class="s7247dd94841644559d195af6341892e7DefaultParagraphFont">(1)     An agreement modifying a lease contract needs no consideration to be binding.</span></p><p dir="ltr" class="s7247dd94841644559d195af6341892e7StatuteNumber1"><span class="s7247dd94841644559d195af6341892e7DefaultParagraphFont">(2)    A signed lease agreement that excludes modification or rescission except by a signed record may not be otherwise modified or rescinded, but, except as between merchants, such a requirement on a form supplied by a merchant must be separately signed by the other party.</span></p><p dir="ltr" class="s7247dd94841644559d195af6341892e7StatuteNumber1"><span class="s7247dd94841644559d195af6341892e7DefaultParagraphFont">(3)    Although an attempt at modification or rescission does not satisfy the requirements of subsection (2) of this section, it may operate as a waiver.</span></p><p dir="ltr" class="s7247dd94841644559d195af6341892e7StatuteNumber1"><span class="s7247dd94841644559d195af6341892e7DefaultParagraphFont">(4)    A party who has made a waiver affecting an executory portion of a lease contract may retract the waiver by reasonable notification received by the other party that strict performance will be required of any term waived, unless the retraction would be unjust in view of a material change of position in reliance on the waiver.</span></p><p dir="ltr" class="s7247dd94841644559d195af6341892e7Normal"><span xml:space="preserve" class="s7247dd94841644559d195af6341892e7000000"> </span></p><p dir="ltr" class="s7247dd94841644559d195af6341892e7NoIndent"><span xml:space="preserve" class="s7247dd94841644559d195af6341892e7DefaultParagraphFont-000001">Source: </span><span class="s7247dd94841644559d195af6341892e7SCL">SL 1989, ch 419, § 1; SL 2024, ch 198, § 20.</span></p></div></body></html>