South Dakota Codified Laws 43-32-23. Termination of lease at pleasure of either party–Death or incapacity to contract–Exception
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If a lease is terminable at the pleasure of one of the parties, it is terminated by notice to the other of such party’s death or incapacity to contract. In other cases it is not terminated by such death or incapacity.
Terms Used In South Dakota Codified Laws 43-32-23
- Contract: A legal written agreement that becomes binding when signed.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
Source: SDC 1939, § 38.0422.