Section 43-32-1 - Leasing of real property defined

43-32-1. Leasing of real property defined.Leasing is a contract by which one (the lessor or landlord) gives to another (the lessee or tenant) temporary possession and use of real property for reward and the lessee agrees to return such property to the lessor at a future time. Source: SDC 1939, §38.0401.