This Property Management Package contains the essential forms to assist you in leasing your premises, complying with legal requirements, and keeping relations with your tenants amicable. State-specific forms are included.
The following forms are included in this package:
1. Landlord Tenant Closing Statement to Reconcile Security Deposit
2. Residential Rental Lease Application
3. Residential Rental Lease Agreement
4. Commercial Building or Space Lease
5. Security Deposit Agreement
6. Inventory and Condition of Leased Premises for Pre-Lease and Post-Lease
7. Agreement to Lease Commercial Property with Option to Purchase at End of Lease Term - Rent to Own - Real Estate Rental
8. Lease or Rental Agreement of Residential Property with Option to Purchase and Own Property - Lease or Rent to Own
9. Property Manager Agreement
Purchase of this package is a savings of almost 60% off over purchase of the forms individually!
South Dakota Property Management Without a License: Understanding the Basics Property management is the process of overseeing and maintaining real estate properties on behalf of the property owner. In most states, including South Dakota, property management requires a valid license. However, there are some exceptions where individuals can engage in property management without a license, under specific circumstances. South Dakota law allows for certain exemptions where property owners and their employees can conduct property management activities without obtaining a property management license. It is important to note that these exemptions have limitations and should be carefully understood before engaging in any property management activities. 1. Self-Management: One type of property management without a license in South Dakota is self-management. Property owners who personally oversee their own properties are not required to have a license. This exemption allows property owners to directly handle rental property operations, including rent collection, maintenance, and tenant screening without needing professional licensure. 2. Employees of the Property Owner: Another exception to licensing requirements is when an employee of the property owner takes up property management responsibilities. In such cases, the employee must not provide property management services for compensation or gain beyond their regular employment agreement. This exemption allows property owners to delegate property management tasks to their trusted employees without requiring them to obtain a license. 3. Real Estate Agents with Property Management Duties: Real estate agents registered with the South Dakota Real Estate Commission can perform property management tasks without an additional property management license. As long as their property management activities fall within the scope of their real estate license, and they are solely working for the property owner, they can legally engage in property management without a separate license. 4. Limited Exemption for Out-of-State Property Owners: South Dakota also provides a limited exemption for out-of-state property owners who manage their own properties remotely. These property owners must own the property in their individual name(s), reside outside South Dakota, and not have more than four rental units within the state. This exemption allows non-resident property owners to manage their South Dakota property without obtaining a license. While these exemptions provide some flexibility for individuals to engage in property management without a license in South Dakota, it's important to note that they have specific limitations and legal requirements. It is always recommended consulting with a legal professional or the South Dakota Real Estate Commission to ensure compliance with the state's property management regulations. Keywords: South Dakota property management without a license, property management exemptions, self-management, employees of the property owner, real estate agents, out-of-state property owners, South Dakota Real Estate Commission.
