Within how many days must a security deposit be returned to tenants after termination?

In South Dakota, the law stipulates that a security deposit must be returned to tenants within 14 days after the termination of the lease or rental agreement. This timeframe allows landlords to conduct any necessary inspections and determine if any deductions need to be taken from the deposit for damages or unpaid rent. If deductions are made, the landlord must provide an itemized list of these deductions alongside the remaining security deposit amount. This regulation is in place to ensure fairness and transparency in the handling of tenants' security deposits, promoting a clear understanding of the final financial obligations following the termination of a lease.