South Dakota generally limits deposits to one month. Return deadline is 21 days after termination and receipt of mailing address (verify 2026 amendment). No interest or separate account required.
Last verified: 2026-10-10
Max deposit
1
months' rent
Return deadline
21
days after tenancy ends
Interest required
No
not required
Separate account
No
Maximum Security Deposit
1 month's rent
Larger deposit may be agreed for special conditions posing a maintenance danger.
Return Deadline
21 days
After termination and receipt of mailing address/delivery instructions; 45-day itemized-accounting provision also exists. Verify against 2026 amendment.
Interest on Deposit
Not required
SDCL §43-32-24 does not require interest on deposits.
Separate Account Required
Not required
§43-32-24 does not require a separate account.
⚖️ Permitted Deductions
Current deduction statute not fully verified.
📋 Official Source
The information on this page is sourced from the primary South Dakota statute. Always verify against the current official text before making decisions.
How much can a landlord charge for a security deposit in South Dakota?
South Dakota law limits security deposits to 1 month's rent. Larger deposit may be agreed for special conditions posing a maintenance danger.
How long does a landlord have to return the security deposit in South Dakota?
South Dakota landlords must return the security deposit — or provide a written itemized statement of deductions — within 21 days after the tenancy ends. After termination and receipt of mailing address/delivery instructions; 45-day itemized-accounting provision also exists. Verify against 2026 amendment.
Does South Dakota require landlords to pay interest on security deposits?
No. South Dakota law does not require landlords to pay interest to tenants on security deposits. SDCL §43-32-24 does not require interest on deposits.
Must South Dakota landlords keep security deposits in a separate bank account?
No. South Dakota law does not require a separate bank account for security deposits. §43-32-24 does not require a separate account.
Automate security deposit compliance
Property management software handles deposit tracking, deadline reminders, itemized deduction statements, and compliant separate account requirements automatically — so you never miss a South Dakota deadline.
This page is for informational purposes only and is not legal advice. Security deposit laws change — always verify the current statute or consult a licensed attorney in South Dakota before making decisions. Official source: https://sdlegislature.gov/Statutes/43-32-24. Last reviewed: 2026-10-10.