SD SB4

Landlords must return security deposits or provide written reasons for withholding within 21 days after tenancy ends and receipt of tenant's mailing address or delivery instructions

Deposits may only be withheld for unpaid rent, other funds owed under the lease agreement, and restoration of premises to original condition (excluding ordinary wear and tear)

Landlords must provide an itemized accounting of withheld deposits within 45 days of tenancy termination if requested by the tenant

Failure to comply with these requirements results in forfeiture of all rights to withhold any portion of the deposit

Bad faith retention of deposits or failure to provide required written statements subjects landlords to punitive damages up to $200