Free South Dakota Property Management Agreement
A contract between a property owner and a property manager outlining management duties, fees, authority, and responsibilities for a rental property. Compliant with S.D. Codified Laws § 43-32-1 et seq..
What's Included in Your Property Management Agreement
10 key sections — state-compliant for South Dakota
What's Included in Your Property Management Agreement
10 key sections — state-compliant for South Dakota
Free South Dakota Property Management Agreement
Hiring a property manager in South Dakota? Our free agreement template clearly defines duties, fees, authority, and responsibilities — protecting both the property owner and manager.
What a Property Management Agreement Covers
- Management fees — Monthly percentage and placement fees
- Scope of duties — Rent collection, maintenance, tenant screening
- Spending authority — Limits on maintenance expenditures
- Legal compliance — Adherence to S.D. Codified Laws § 43-32-1 et seq.
- Termination terms — How to end the relationship
South Dakota Property Management Requirements
Under South Dakota law:
- Security deposits: 1 month rent (2 months for pets or special risk) limit, return within 14 days
- Required disclosures: 2 items
- Lease termination notice: 30 days for month-to-month
Frequently Asked Questions: South Dakota Property Management Agreement
What is a typical property management fee in South Dakota?
Property management fees in South Dakota typically range from 8-12% of monthly rent collected. Additional fees may include lease-up/placement fees (50-100% of first month's rent) and maintenance markups.
Does a property manager need a license in South Dakota?
Most states require property managers to hold a real estate broker's license or work under one. Check South Dakota's specific real estate licensing requirements with the state real estate commission.
Can I terminate a property management agreement?
Yes, our template includes a 30-day termination clause. Most property management agreements in South Dakota allow either party to terminate with written notice, though some may include early termination fees.
Is this property management agreement free?
Yes, 100% free. Generate your South Dakota-compliant property management agreement and download the PDF. No account needed.