Designed in accordance with South Dakota occupancy regulations, this agreement will provide a solid legal foundation for occupancy arrangements.
Take the hassle out of drafting an occupancy agreement – use our template as your starting point and customize it to your unique circumstances.
THIS AGREEMENTThis Agreement (“Occupancy Agreement”) is dated on ____________ (hereinafter referred to as “Effective Date”) between __________ (hereinafter referred to as “Landlord”) and __________ (hereinafter referred to as “Occupant”). This Agreement is made concerning the premises located at __________ (hereinafter referred to as “Premises”).
TERM OF AGREEMENTThis Occupancy Agreement shall commence on __________ and shall end on __________. Either party may terminate this Occupancy Agreement with a written notice of thirty (30) days in accordance with the South Dakota Codified Laws (“SDCL”) § 43-32-13.
RENT PAYMENTThe Occupant agrees to pay a monthly rent amount of __________ payable on the first day of each calendar month. The first month’s rent is due prior to the Occupant taking possession of the Premises.
SECURITY DEPOSITUpon execution of this Agreement, the Occupant shall deposit with the Landlord the sum of __________ as security for any damage caused to the Premises during the term of this Agreement.
USE OF PREMISESThe Premises shall be used for residential purposes only. The Occupant shall comply with all laws and rules affecting the Premises.
REPAIR AND MAINTENANCEThe Occupant will keep the Premises in clean, sanitary, and good condition. If the Occupant causes any damage to the Premises, beyond ordinary wear and tear, the Occupant agrees to pay for any such damage.
INSURANCEThe Occupant is responsible for having sufficient insurance to cover all personal property located on the Premises. The Landlord will not be liable for any loss of Occupant’s property.
DEFAULTIf the Occupant fails to comply with any of the material provisions of this Agreement, or of any present rules and regulations governing the Premises, Landlord may terminate this Agreement upon providing proper notice to the Occupant.
QUIET ENJOYMENTThe Occupant shall conduct himself, and require other persons on the Premises with the Occupant’s consent, to conduct themselves in a manner that will not disturb others’ peaceful enjoyment of the Premises.
GOVERNING LAWThis Agreement shall be governed by and construed in accordance with the laws of the State of South Dakota.
ENTIRE AGREEMENTThis Agreement contains the entire agreement of the parties and there are no other promises, conditions, understandings or other agreements, whether oral or written, relating to the subject matter of this Agreement.
SIGNATURESLANDLORD: __________ DATE: __________
OCCUPANT: __________ DATE: __________ This Occupancy agreement is binding upon and inures to the benefit of the Parties and their respective heirs, executors, administrators, successors and assigns. (Note: This is a basic Occupancy Agreement template and may not cover all legal requirements of an Occupancy Agreement in South Dakota. It is advisable to have a legal expert or an attorney review or help draft your specific agreement.)
In conjunction with the Occupancy Agreement Template South Dakota, understanding and properly executing a Contract for Deed Template South Dakota can play a vital role in the process of property acquisition.
If you’re in the market for renting a property, you might also want to review this helpful guide on Contract for Rental Property South Dakota, which can ensure all parties involved in the rental agreement are well-protected.
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