South Dakota Codified Laws 9-12-5.1. Lease of municipally-owned property–Term and conditions
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Every municipality may lease its municipally–owned property. Any such lease shall be for a term and upon the conditions provided by resolution of the governing body.
Terms Used In South Dakota Codified Laws 9-12-5.1
- 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
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
Source: SL 1980, ch 61, § 1.