Real Estate Purchase Agreement Template - South Dakota

A South Dakota Real Estate Purchase Agreement is a legally enforceable document signed between two private parties who have the intention to sell and buy real property. This contract must outline all the provisions of the transaction so that the deal is considered valid.

Although South Dakota does not have a uniform agreement for the current and future owners of commercial and residential property, you may download a generic South Dakota Real Estate Purchase Agreement below.

If you are preparing to transfer residential property built before 1978, the owner is obliged to notify the buyer about the potential lead paint hazard. Additionally, the seller is responsible for drafting a separate Disclosure Statement to describe the property and its current condition to the prospective buyer prior to signing the purchase agreement.

A filled-out and notarized Lead Disclosure is required for all residential properties built before 1978. Additionally, a Disclosure Statement (§ 43-4-38) must be used to provide potential property buyers with a comprehensive description of a particular property. All property sellers must complete this document and present it to the buyer before a property sales agreement can be signed.