South Dakota Commercial Lease Agreement

Lease office, retail or other business premises to a tenant with this South Dakota Commercial Triple Net Lease Agreement.

• Triple Net Lease. A triple net lease means that the lessee covers all costs and expenses to do with the premises including structural repairs.
• Renewal. The lessee has an option to renew the lease for an additional term.
• Taxes and Charges. The lessee will pay all expenses, taxes, levies, and charges with respect to the premises, all utilities and services, and operating expenses for its business.
• Insurance. The lessee is responsible for carrying fire, extended coverage, and liability insurance.
• Alterations and Repairs. The lessee is responsible for all alterations, improvements, maintenance and repairs.
• Damage or Destruction. Clauses outlining abatement of rent or termination of the lease the event of damage, destruction, or condemnation of the building.
• Subordination. The lessee agrees to sign a subordination agreement or other documents necessary to subordinate the lease to a mortgage or other charge, if required by the lessor.
• Additional Rent. Optional clause for percentage rent to be paid in addition to the base rent, if applicable.
• This lease agreement template is intended for use only in the State of South Dakota.

• The guaranty is given by a principal of the company, such as a shareholder, partner, sole proprietor or some other person with a financial interest in the tenant.
• A guarantee of this type is typically required as an inducement to the lessor ⁄ landlord to sign the lease.
• The guarantor guarantees payment of all rent and other amounts due under the lease, including the payment of legal fees incurred by the landlord in enforcing the terms of the lease.

Cancel a lease of office or retail premises with this South Dakota Mutual Cancellation of Commercial Lease form.

• This agreement is only for commercial tenancies. Use this form for residential tenants.
• The lessor (landlord) and lessee (tenant) mutually agree that the lease will terminate as of a specific date.
• All rights and obligations of the parties under the lease are extinguished, except for those which accrue prior to the termination date.
• Available in MS Word format.
• Intended to be used only in the State of South Dakota.

South Dakota landlords, give notice to your tenants that the property they are renting has been sold with this Notice to Tenant of Sale of Rental Premises.

• The tenant is notified of the sale, and given instructions to pay the rent to the new owner.
• The Notice includes a Record of Service form, so you can record the details of how you served the Notice on the tenant.
• Downloadable, fully editable, and easy to use.
• Re-use the form as often as necessary, perfect for multi-unit properties.
• This form can be used by landlords and rental property managers.
• Intended to be used in the State of South Dakota.