Delaware Residential Lease Agreement – PDF Template
The Delaware residential lease agreement is a legally binding rental contract that allows a tenant and landlord to negotiate terms and conditions of the residential tenancy. Both parties should come to an agreement over the rental price and who will pay for the utilities (electricity, water, heat, etc) before the lease is signed. It is also recommended that the landlord obtain a completed credit application from the tenant to make sure that they are qualified to pay the rent every month. Once the contract is authorized by both parties, the document is legal and both parties will be bound by its terms until the end of the term (typically one (1) year).
Security Deposit Laws
Maximum Amount ($) – One (1) month’s rent if tenancy is one (1) year or more; no limit for dwellings that come furnished (§ 5514(a)).
Returning – Landlord shall return the security deposit to the tenant within twenty (20) days of termination of the tenancy (§ 5514(e)).
Lead-Based Paint – Tenant must be provided this disclosure form if the property they are renting was constructed prior to the 1st of January, 1978.
Rent Grace Period
A fee for late payment of rent cannot be charged until five (5) days have passed after the payment date; however, if the landlord does not have an office located in the county in which the rental property is located, the tenant is given eight (8) days grace period to pay rent after the payment date (§ 5501 (d)).