The South Dakota landlord-tenant law requires a landlord to return a security deposit within:
Correct Answer
B) Two weeks after the tenant vacates
Under South Dakota law (SDCL 43-32-24), a landlord must return the security deposit, or provide an itemized written statement of deductions, within two weeks (14 days) after the tenant vacates and the landlord receives the tenant's forwarding address. Failure to comply may result in the landlord forfeiting the right to retain any portion of the deposit.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
Broker supervision is the legal obligation of a designated or managing broker to oversee and be accountable for the real estate activities of all salespersons and associate brokers operating under their license.
Commingling is the illegal act of mixing client funds with a broker's personal or business operating funds, while conversion is the unauthorized use of client funds for the broker's own benefit. Both are serious violations that can result in license revocation.
Commingling is the illegal act of mixing client trust funds with a broker's personal or business operating funds; conversion is the misappropriation of those funds.
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