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In South Dakota, a lessor can enter into a lease agreement with a lessee that is willing to pay rent using the South Dakota rental and lease agreements. The prospective lessee will usually complete a rental application that allows the landlord to check their employment situation and background information. Upon approval of a rental contract, the lessee will be required to pay rent and keep the premises in good shape.
Commercial Rental Lease Agreement – This is a lease contract that’s designed for properties to be used for a business venture. It can be office space, retail space, warehouse space, or even manufacturing space.
Monthly Rental lease Agreement (§ 43-32-13) – This type of tenancy may be canceled by the lessee with a fifteen-day notice and the lessor is required to provide a minimum of thirty days' notice for contract termination.
Rent-to-Own Rental Agreement– This is a tenancy with provisions that allow a lessee to buy the premises with terms stated by the property owner and agreed upon while entering into the lease. There are many ways to structure this agreement as determined by the needs of the landlord and the potential tenant.
Roommate Lease Agreement – This is a straightforward agreement that stipulates how roommates of a single dwelling share responsibilities on the property. It also determines their conduct.
Standard Residential Rental Contract – A housing agreement with a fixed term usually lasting for one year. It’s the most common type of lease agreement used in the state.
Sublease Rental Contract – This lease type makes provisions for a lessee to bring in a new tenant to occupy the rented space. It comes in two forms: a commercial sublease and a residential sublease.
Lead-Based Paint Information – Per federal law, requiring that all property owners of buildings constructed before the year 1978 notify their lessees of the potential presence of harmful paint on the premises.
Methamphetamines (§ 43-32-30) – If the said property was used to produce Methamphetamines then the lessor is required to inform the occupants.
The lessor is required to notify the occupant at least twenty-four hours before accessing the occupant’s dwelling (§ 43-32-32).
Maximum (§ 43-32-6.1) – The property owner is allowed to collect one month’s rent unless provable that the occupant poses more danger to the property.
Returning (§ 43-32-24) – All security deposits have to be sent back to the lessee within fourteen days of termination of the lease contract and repossession of the property by the landlord. If there are deductions on the deposit, the tenant can demand details of deductions within forty-five days.