Are there limits on the amount of rent a landlord can ask a tenant to pay?

Yes, landlords in South Dakota are bound by state law regarding the maximum amount of rent they can charge for a tenancy. The South Dakota Landlord Tenant Act (SDCL 43-32) states that any lease agreement must specify the exact amount of rent, and that the amount of rent charged must be reasonable in relation to the property’s market value. Additionally, the landlord cannot raise the rent during the lease period unless the lease explicitly allows for a rent increase and states the amount to which the rent can be increased. The law also states that any rental agreement cannot include certain types of fees and charges that a landlord is prohibited from collecting. These fees or charges can include late fees, security deposits, prepaid rent, and extra charges for pet ownership. If the landlord collects such fees in violation of the law, the tenant may sue the landlord for the return of the illegal fees and charges. This law is designed to protect both tenants and landlords by ensuring that rent costs are fair and reasonable. It also limits the amount of fees and charges that landlords can collect, which helps to keep rent costs reasonable. The South Dakota Landlord Tenant Act is a vital source of information for both tenants and landlords in the state.

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Are there limits on the amount of rent a landlord can ask a tenant to pay?

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