South Dakota Statewide Rule
South Dakota Security Deposit Law: 1-Month Cap, 14-Day Return
Key Facts
- Deposit cap
- One month's rent (SDCL 43-32-6.1)
- Larger deposit
- By written agreement for special conditions
- Return deadline
- Two weeks after termination, address given
- Itemized accounting
- Within 45 days on tenant request
- Penalty
- Withholding forfeited; up to $200 punitive
- Statute
- SDCL 43-32-6.1 and 43-32-24
Summary
South Dakota caps a residential security deposit at one month's rent (larger by written agreement when special conditions endanger the premises). Under SDCL 43-32-24, the landlord must return it or give written reasons within two weeks after the tenancy ends and the tenant provides a mailing address.
SDCL 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.
Full Breakdown
SDCL 43-32-6.1 bars a residential lessor from demanding a security deposit exceeding one month's rent, except a larger deposit may be agreed in writing where special conditions pose a danger to the premises. Under SDCL 43-32-24, within two weeks after termination and receipt of the tenant's mailing address, the lessor must return the deposit or furnish a written statement of the specific reason for withholding. Deductions cover unpaid rent, other sums due, and restoring the unit to move-in condition, ordinary wear excepted. On the tenant's request, an itemized accounting is due within 45 days.
Violations & Penalties
Under SDCL 43-32-24, a lessor who fails to comply forfeits all rights to withhold any portion of the deposit. Bad faith retention of a deposit, or bad faith failure to provide the required written statement or itemized accounting, subjects the lessor to punitive damages not to exceed two hundred dollars.
Frequently Asked Questions
How much can a landlord charge for a security deposit in South Dakota?
How long does a landlord have to return a security deposit in South Dakota?
What can a landlord deduct from a security deposit in South Dakota?
Sources
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