Property Management
Under South Dakota law, a security deposit for a residential rental:
AMay be used by the landlord for any purpose
BMust be returned within 14 days after the tenant vacates with an itemized list of deductions✓ Correct
CIs non-refundable once paid
DMay equal up to 3 months' rent
Explanation
South Dakota landlord-tenant law requires that security deposits be returned within a specified timeframe (generally 14 days for written leases, or the time specified in the lease agreement not to exceed 45 days) along with an itemized statement of any deductions.
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