Property Ownership
In South Dakota, 'escheat' means that property goes to the state when:
AA property owner fails to pay property taxes
BA property owner dies intestate (without a will) with no surviving heirs✓ Correct
CA property is abandoned for more than 5 years
DA property has environmental contamination
Explanation
Escheat is the government power by which real property reverts to the state when a person dies without a will (intestate) and without any qualifying heirs. South Dakota, like all states, exercises escheat to prevent property from being ownerless.
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Key Terms to Know
Joint Tenancy
Co-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
Tenancy in CommonCo-ownership where two or more people hold undivided interests that need not be equal and pass to each owner's heirs — no right of survivorship.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
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