The South Dakota lease to own agreement secures a renter’s right of first refusal while concurrently occupying the premises. This is commonly carried out by individuals who want to purchase a certain property but are not fully prepared to follow through with the final transfer. Other than the option to purchase, this agreement basically contains all the same features of a traditional rental contract. Users can stipulate the term of the tenancy, rental payments, purchase price, etc.
Lease-Purchase Laws – § 54-6A