South Dakota Codified Laws 41-23-10. Maximum term of lease or license
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No lease or license entered into pursuant to § 41-23-3 may be for a term exceeding ten years.
Terms Used In South Dakota Codified Laws 41-23-10
- 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: SL 2017 (SS), ch 1, § 10, eff. June 12, 2017.