South Dakota § 43-4-37 Definition of terms for required disclosures in certain real estate transfers.

South Dakota Statutes

§ 43-4-37 — Definition of terms for required disclosures in certain real estate transfers.

South Dakota·Title 43 PROPERTY·Ch. 43-3 TRANSFER OF PROPERTY

Terms used in §§ 43-4-38 to 43-4-44 , inclusive, mean:

(1)"Buyer," a person negotiating or attempting to become an owner of residential real property by means of a transfer which is subject to §§ 43-4-38 to 43-4-44 , inclusive;

(2)"Disclosure statement," the property condition disclosure statement as provided in § 43-4-44 ;

(3)"Residential real property," all residential real property consisting of not more than four family dwelling units, all of which are contained in one structure;

(4)"Seller," an owner of residential real property;

(5)"Transfer," a sale, exchange, installment sale contract, lease with an option to purchase, other option to purchase, or a ground lease coupled with improvements.

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Terms used in §§ 43-4-38 to 43-4-44 , inclusive, mean: (1) "Buyer," a person negotiating or attempting to become an owner of residential real property by means of a transfer which is subject to §§ 43-4-38 to 43-4-44 , inclusive; (2) "Disclosure statement," the property condition disclosure statement as provided in § 43-4-44 ; (3) "Residential real property," all residential real property consisting of not more than four family dwelling units, all of which are contained in one structure; (4) "Seller," an owner of residential real property; (5) "Transfer," a sale, exchange, installment sale contract, lease with an option to purchase, other option to purchase, or a ground lease coupled with improvements.

South Dakota § 43-4-37 (Definition of terms for required disclosures in certain real estate transfers.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.