South Dakota SB4 revises procedures for returning and withholding security deposits for residential premises.

South Dakota SB4 amends the procedures for returning and withholding security deposits for residential premises. It requires lessors to return the deposit within twenty-one days after the termination of the tenancy and receipt of the tenant's mailing address or delivery instructions. If the lessor withholds any portion of the deposit, they must provide the tenant with a written statement showing the specific reason for the withholding and an itemized accounting of the withheld deposit.

South Dakota SB4 revises procedures for returning and withholding security deposits for residential premises.

South Dakota SB4 amends the procedures for returning and withholding security deposits for residential premises. It requires lessors to return the deposit within twenty-one days after the termination of the tenancy and receipt of the tenant's mailing address or delivery instructions. If the lessor withholds any portion of the deposit, they must provide the tenant with a written statement showing the specific reason for the withholding and an itemized accounting of the withheld deposit.