A Delaware standard residential lease agreement is a commonly used instrument when expressing the terms and conditions of a residential tenancy. The parties involved, usually a landlord and tenant(s), record their agreement on the document by signing the lease into effect for the standard one-year term. The landlord may require certain deposits depending on the nature of the arrangement. However, in most cases, the landlord requests the first month’s rent and a deposit worth the equivalent of a month’s rent upon the leasing term’s start; the latter is issued back to the tenant after the 12-month period if no significant damages occurred.
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