Which document is not required to be recorded in South Dakota?

In South Dakota, the recording of certain documents is crucial for establishing public notice and protecting the interests of parties involved in real estate transactions. A deed, mortgage, and lease agreement serve important functions in clarifying ownership rights and financial obligations and are typically recorded to ensure these agreements are enforceable against third parties.

The promissory note, on the other hand, is a private agreement between the borrower and the lender that outlines the terms of a loan, including repayment details and interest rates. While it is essential in the context of securing financing for a property, it does not need to be recorded to be valid. The mortgage document, which serves as security for the note, is the instrument that gets recorded to provide public notice of the lender’s interest in the property. Therefore, in South Dakota, the promissory note is not required to be recorded, distinguishing it from the other listed documents that do require recording to protect the respective parties’ rights in real property transactions.