Dakota State University: Must a deposit be refunded if a renter reserves a Madison unit but decides not to move in?

DIRECT ANSWER

Retained SD Attorney General educational guidance,not a new statutory verification. Its stale two-week deposit-return statement is excluded; current retained §43-32-24 controls that timing. Covered private residential rental only; actual agreement and law govern.

The AG guide warns that a person who pays a deposit and then elects not to occupy may not receive a refund. Establish the actual written reservation and refund terms before paying. This does not decide a particular contract or replace statutory post-tenancy deposit-return rules.