Real Estate Law in South Dakota

What Is Real Estate Law?

Are you getting ready to purchase or sell some property? Are you involved in a property or real estate dispute? Or, maybe you are having trouble getting your landlord to make repairs to the home. 

Whether or not you are a property owner or tenant, you have rights under South Dakota real estate law. Not all residential and commercial real estate transactions execute perfectly. Sometimes unexpected issues can occur such as property rights, access, liabilities, and more. Furthermore, legal matters involving real estate transactions are often complex and are not just limited to the property owners.

Types of Real Estate Law Disputes

Disputes involving real estate in South Dakota are very common and some of them are quite complex. They often require the intervention of the courts. Typically courts are seen as the most biased party.  Learn more about the different types of real estate disputes below.

Escrow Deposit 

If you decide to purchase any South Dakota property, there are certain steps anyone who is involved must take. One is having an escrow account. A common reason escrow disputes occur is when the closing process fails and the buyer and seller cannot agree on what happens with the funds.

Easement Real Estate Dispute

Easement disputes are one of the most common forms of real estate disputes between neighbors, especially when property ownership changes. An easement allows other people or parties access to use certain portions of your property. Easements are not always granted by a property owner. Information regarding easements is often included in South Dakota property deeds.

For example, a neighbor may feel they have the right to access a portion of your property because a previous owner allowed them to for years. One step you can take to resolve the matter before pursuing litigation is talking amicably with the other party.

Landlord/Tenant

Disputes often arise when South Dakota landlords and tenants cannot agree on repairs, rent arrears, and more. Tenant and landlord laws are very complex and failure to adhere to them can cause either party to violate the rights of the other.

South Dakota law codifies the rights and responsibilities of both parties in a landlord-tenant relationship. Landlords can charge up to one month’s rent as a security deposit and must itemize any deductions taken from it. In addition, a South Dakota landlord has to keep the property safe and habitable. On the other hand, tenants must keep the property clean. As well, they should pay their rent on time. However, if the landlord does not make necessary repairs, the tenant may be able to withhold rent or deduct the cost of the repair.

Contract Breaches

No South Dakota real estate transaction is enforceable without a contract. Not all contracts are valid. The requirements for what to include in a valid real estate agreement vary from state to state. However, documents that are missing certain elements or contain unclear or confusing language and in which one party breaches often result in real estate disputes between sellers and buyers. Real estate contracts are enforceable documents. You should never enter into a real estate transaction in South Dakota without a valid mutually beneficial contract.

Fraud/Omissions

Proving fraud in a real estate transaction can be an uphill battle. It is almost always necessary to work with South Dakota real estate lawyers to straighten things out.

Under South Dakota statute, the seller must disclose any known defects before selling the property. The Disclosure Statement covers whether the title is clean, any structural damage, utilities, and several other areas. If the seller fails to disclose a known issue, the buyer can sue for damages. However, the buyer does not typically have the option to void the sale. According to the South Dakota Real Estate Commission, the real estate agent may also be liable, if they were aware of or a participant in the misconduct.

Boundary Lines

Property line disagreements usually occur when adjoining South Dakota property owners do not respect property boundaries. Sometimes this is due to a valid misunderstanding between neighbors. Not all property lines are easy to define and property records are not always accurate or easy to understand. Usually, disagreements arise because of fencing, trees, and other boundary line concerns. Though some South Dakota property owners feel they can take matters into their own hands, doing so could cause more problems. Court intervention is typically the best way to identify and enforce property lines.

Ownership

Determining the rightful owner of a property in South Dakota is not always easy. For instance ownership issues are common when an owner verbally transfers ownership without documentation. Or, when someone bequeaths their real estate to another without going through the proper process. There can also be other parties with ownership rights, such as certain lien holders. 

Liens

Liens can impact your ability to own property or land free and clear. It is possible to sell a property that has liens on it. However, some liens can diminish a property’s sale price. Also, in many cases, liens must be clear before you can secure a mortgage or financing.

South Dakota legislation automatically attaches a lien to a debtor’s current and future property when the court enters a judgment. However, if the property is in a different county, the creditor has to file the judgment with that county’s clerk. Keep in mind that there is an exception for the debtor’s primary homestead. Unless the debtor pays the judgment, the lien will typically remain on the property for 10 years.

What Should You Do If You Are in a Real Estate Dispute in South Dakota?

If you have a real estate issue in which you feel your rights are being violated, or there is a specific issue that has you and another party in disagreement, it’s best to speak with an experienced South Dakota real estate lawyer. Regardless of the issues you are facing, you can benefit from having legal guidance.

Learn About Real Estate Law

South Dakota real estate law is quite complex. It is important for you to learn as much as you can about how real estate law applies to your circumstances. Your lawyer will help you to understand what’s at stake and develop a plan of action that helps protect your real estate rights.

Work With an Experienced Real Estate Attorney in South Dakota

Real estate disputes make up the majority of litigation cases. Still, not all issues require you to go to trial. You should work with South Dakota lawyers that have the knowledge and experience to get you the resolution you seek. Depending on your disagreement, the courts may include financial compensation and injunctions to prevent retaliation or recurring issues.

Get the legal help you need now. We help South Dakota landlords, renters, property and more resolve their real estate litigation. Additionally, we can even help you connect with an attorney across South Dakota state lines.

Submit a request online or call us today at (866) 345-6784 to get in touch with an experienced lawyer in your area!

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