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.

Related South Dakota Property Management Questions

Practice More South Dakota Real Estate Questions

1,500+ questions covering all exam topics. Start free — no signup required.

Take the Free South Dakota Quiz →