Property Management
In South Dakota, a property manager who wants to raise rent during a fixed-term lease may only do so if:
AThe lease has been in effect for more than 6 months
BThe lease agreement contains a specific rent escalation clause permitting increases during the term✓ Correct
CThe market rent has increased by more than 5% since the lease began
DThe landlord gives 60 days' notice regardless of lease terms
Explanation
During a fixed-term lease, the rent is fixed for the lease period unless the lease itself contains a rent escalation clause that permits increases under specific conditions. Without such a clause, the rent cannot be increased during the lease term.
Related South Dakota Property Management Questions
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