South Dakota Deposit Interest Rules
no interest requiredSouth Dakota has no statewide requirement that landlords pay interest on security deposits (14 of 51 US jurisdictions do). Your lease may still promise interest — if it does, that promise is enforceable.
Educational information: generated from our South Dakota law database (last updated 2024-01-01). Not legal advice.
How South Dakota compares
14 of 51 US jurisdictions require landlords to pay interest on security deposits. Here is how South Dakota compares with other states in our database.
Frequently asked questions
- Do landlords have to pay interest on security deposits in South Dakota?
- No statewide statute requires it in South Dakota, though local ordinances or your lease can add the obligation. Maximum 1 month rent for annual leases (no limit for month-to-month until 1 year). Additional deposits for special conditions (e.g., pets) may be allowed. Return within 14 days (45 days for itemized deductions). Failure to return: tenant can recover deposit plus up to $200 and court costs.
- How large can the deposit itself be in South Dakota?
- South Dakota generally allows at most 1 month's rent (annual leases) as a security deposit.
- When do I get my security deposit back in South Dakota?
- Generally within 14 days (statement within 45) after move-out.
Check Your Lease Against South Dakota Law
Not sure whether your lease complies with South Dakota law? Upload it and our analyzer flags problem clauses — deposit terms, entry rights, fees and prohibited provisions — using the same statute-backed database this page is generated from.
Analyze My Lease FreeEducational tool — not legal advice. First analysis is free, no signup required.
More South Dakota lease law guides
Educational information generated from state statute data — not legal advice. Consult a licensed attorney in South Dakota for your specific situation.