South Dakota Codified Laws 49-16B-18. Lease provisions for lessee’s payment of taxes, insurance and other costs
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The lease may provide that the lessee shall, as additional rent for the leased premises, pay all taxes assessed against the leased premises if any, and the cost of insuring, maintaining, repairing, and operating the facilities.
Terms Used In South Dakota Codified Laws 49-16B-18
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
Source: SL 1980, ch 323, § 18.