South Dakota Codified Laws 43-32-2. Limited term of lease–Agricultural land–Municipal lots
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No lease or grant of agricultural land for a longer period than twenty years, in which shall be reserved any rent or service of any kind, shall be valid.
No lease or grant of any municipal lot for a longer period than ninety–nine years, in which shall be reserved any rent or service of any kind, shall be valid.
Terms Used In South Dakota Codified Laws 43-32-2
- 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: CivC 1877, § 203; CL 1887, § 2719; RCivC 1903, § 226; RC 1919, § 296; SL 1921, ch 277; SDC 1939, § 38.0403; SL 1977, ch 343; SL 1992, ch 60, § 2.