Free South Dakota Lease Guaranty Agreement
A co-signer/guarantor agreement where a third party guarantees the tenant's lease obligations including rent, damages, and fees. Compliant with S.D. Codified Laws § 43-32-1 et seq..
What's Included in Your Lease Guaranty Agreement
9 key sections — state-compliant for South Dakota
What's Included in Your Lease Guaranty Agreement
9 key sections — state-compliant for South Dakota
Free South Dakota Lease Guaranty Agreement Template
Need a co-signer for a tenant in South Dakota? Our free lease guaranty agreement creates a binding contract where a guarantor accepts financial responsibility for the tenant's lease obligations.
When Landlords Require a Guarantor
- Insufficient credit history — Students, recent graduates, new professionals
- Low income-to-rent ratio — Tenant doesn't meet income screening thresholds
- No rental history — First-time renters
- Self-employed tenants — Irregular income documentation
What the Guarantor Is Responsible For
Under this South Dakota-compliant guaranty:
- Monthly rent — Full amount if tenant defaults
- Damages — Beyond normal wear and tear
- Late fees — Per South Dakota regulations (No statutory limit)
- Legal costs — If eviction becomes necessary
Frequently Asked Questions: South Dakota Lease Guaranty Agreement
What is a lease guarantor in South Dakota?
A lease guarantor (co-signer) is a third party who legally agrees to cover the tenant's financial obligations if the tenant defaults. In South Dakota, the guarantor is jointly liable under the lease terms.
Can a landlord sue a guarantor in South Dakota?
Yes. Under a guaranty agreement in South Dakota, the landlord can pursue the guarantor for unpaid rent, damages, and fees — often without first suing the tenant.
How long does a lease guaranty last?
Typically for the entire lease term plus any renewals. Our template specifies that the guaranty ends after all tenant obligations are fulfilled and the security deposit is properly returned per South Dakota law.
Is this guaranty agreement template free?
Yes, 100% free. Generate your South Dakota lease guaranty agreement and download a PDF instantly. No account needed.