A South Dakota standard residential lease agreement is a contract in which a landlord and tenant execute their rental arrangement as agreed upon beforehand. Though each leasing term varies, most standard agreements last one (1) year and contain a start and end date. The fixed, twelve-month term typically means the tenant owes rent each month. Breaking such leases can result in penalties set on the rental contract and under South Dakota state and local laws. Before signing, it is recommended each party fully comprehend the terms and conditions governing the tenancy, thus ensuring an effective and amicable landlord-tenant relationship. Both parties must sign the lease into effect upon reaching a finalized deal.
Laws – Chapter 43-32 (Lease of Real Property)
Handbook – Landlord-Tenant Rights and Responsibilities
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