South Dakota Fee Mortgage Provisions from a Ground Lease

State:
Multi-State
Control #:
US-OL20071
Format:
Word; 
PDF
Instant download

Description

This office lease form states that the lessor represents to the lessee that the existing fee mortgage is the only mortgage encumbering the land and the demised premises. The lessor agrees to cause the holder of the existing fee mortgage to agree to certain provisions.

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FAQ

Unlike many other states, Minnesota does not have a stand-your-ground law. In Minnesota, a person must first attempt to escape a dangerous threat before resorting to force.

A real estate transfer tax, sometimes called a deed transfer tax, is a one-time tax or fee imposed by a state or local jurisdiction upon the transfer of real property.

Criminal trespass--Violation as misdemeanor. Any person who, knowing that he or she is not privileged to do so, enters or remains in any building or structure surreptitiously, or enters or remains in any critical infrastructure facility, is guilty of criminal trespass. Criminal trespass is a Class 1 misdemeanor.

While North Dakota law still states explicitly that ?An individual is not justified in using more force than is necessary and appropriate under the circumstances,?3 North Dakota's new law (effective August 1, 2021) generally removes the duty to retreat or avoid force in circumstances where an individual is not engaged ...

A person who uses or threatens to use deadly force in ance with this section does not have a duty to retreat and has the right to stand his or her ground, if the person using or threatening to use the deadly force is not engaged in a criminal activity and is in a place where the person has a right to be.

Unlike federal capital gains taxes, there is no capital gains tax in South Dakota.

In conclusion, stun guns are legal in South Dakota without a permit, while TASERs require a valid concealed carry permit. It's important to understand the laws and regulations surrounding these devices if you plan on carrying one for self-defense purposes.

43-4-38. Buyer furnished completed disclosure statement prior to written offer--Amendment. The seller of residential real property shall furnish to a buyer a completed copy of the disclosure statement before the buyer makes a written offer.

44-8-26. Collateral real estate mortgages. A mortgage which contains the following statement in printed or typed capital letters: THE PARTIES AGREE THAT THIS MORTGAGE CONSTITUTES A COLLATERAL REAL ESTATE MORTGAGE PURSUANT TO SDCL 44-8-26, is subject to the provisions of this section.

A fee is hereby imposed at the rate of fifty cents for each five hundred dollars of value or fraction thereof upon the privilege of transferring title to real property in the State of South Dakota, which fee shall be paid by the grantor.

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South Dakota Fee Mortgage Provisions from a Ground Lease