South Dakota Does Not Require Deposit Interest
South Dakota landlords are not required to pay interest on your security deposit. But that does not mean they can do whatever they want with it.
South Dakota does not require landlords to pay interest on security deposits. South Dakota's deadline for returning a deposit is set by S.D. Codified Laws § 43-32-24.
•Your Rights
What Your South Dakota Landlord Does Owe You
Interest or not, South Dakota law gives you real protections on your security deposit:
- A return deadline. In South Dakota, the deadline under S.D. Codified Laws § 43-32-24 starts from a later event, such as your demand or the landlord getting your new address, so no date can be given from a move-out date alone.
- Itemized statement required. Your landlord cannot just keep part of your deposit — they must provide a written, itemized list of every deduction and its amount.
•Full State Law
South Dakota Security Deposit Law — Full Breakdown
Return deadlines, allowed deductions, penalty multipliers, small claims limits — everything you need to know about South Dakota deposit law is on one page. Read the full South Dakota security deposit law breakdown.
More South Dakota Guides
●Frequently Asked Questions
Frequently Asked Questions
Does South Dakota require landlords to pay interest on security deposits?
No. South Dakota does not require landlords to pay interest on security deposits. South Dakota's deadline for returning a deposit is set by S.D. Codified Laws § 43-32-24.
What is my landlord required to do with my deposit in South Dakota?
In South Dakota, the deadline under S.D. Codified Laws § 43-32-24 starts from a later event, such as your demand or the landlord getting your new address, so no date can be given from a move-out date alone. Your landlord must provide an itemized statement listing any deductions.
What happens if my South Dakota landlord keeps my deposit?
You can sue in small claims court. In South Dakota, small claims court hears claims up to $12,000.
See what your state’s law says your landlord owes you. Check my rights & generate my letter — $19.
DepositHawk is not a law firm and does not provide legal advice. Information and documents are for informational purposes only. No attorney-client relationship is created. Consult a licensed attorney for advice specific to your situation.