South Dakota § 43-32-6.1 Maximum security deposit for residential premises--Larger deposit by mutual agreement.

South Dakota Statutes

§ 43-32-6.1 — Maximum security deposit for residential premises--Larger deposit by mutual agreement.

South Dakota § 43-32-6.1

Title 43PROPERTY

Ch. 43-30BLEASE OF REAL PROPERTY

This text of South Dakota § 43-32-6.1 (Maximum security deposit for residential premises--Larger deposit by mutual agreement.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 43-32-6.1 (2026).

Text

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.

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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.