South Dakota Security Deposit Law
What landlords in South Dakota need to know about deposit limits, refund deadlines, interest, and penalties for getting it wrong.
Deposit cap
1 month's rent (more allowed if justified by increased risk, e.g., pets)
Refund deadline
14 days
2 weeks if no deductions; 45 days if deductions are itemized.
Interest required?
No
No statewide interest requirement.
Separate account?
Not required
Penalty for noncompliance
Bad-faith retention can result in up to twice the amount wrongfully withheld.
Statute: S.D. Codified Laws § 43-32-24
This page summarizes general state-level rules as of 2026 and does not cover city or county ordinances, which can be stricter. Verify against the statute cited above or with a local attorney before relying on it. See all states.