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Legal Services Corporation of Delaware, Inc. A Nonprofit Law Firm and Community Education Organization www.lscd.com Security Deposits and the Delaware LandlordTenant Code What is a Security Deposit?
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How to fill out security deposits and form

01
Start by gathering all the necessary information and documents, such as the landlord or property manager's contact details, the tenant's personal information, and the terms of the rental agreement.
02
Carefully read through the security deposit form, ensuring you understand all the sections and requirements. If you have any questions or need clarification, don't hesitate to reach out to the landlord or property manager.
03
Begin filling out the form by entering the tenant's personal information, including their full name, current address, phone number, and email address.
04
Provide details about the rental property, such as its address, type (apartment, house, etc.), and the date the tenant will move in.
05
Specify the amount of the security deposit that will be paid by the tenant. This is typically a set amount or a percentage of the rent and is intended to cover any potential damages to the property.
06
Indicate the method of payment for the security deposit, whether it will be paid in cash, check, or via an electronic transfer.
07
Include any additional terms or conditions related to the security deposit. For example, you may want to outline the circumstances under which the deposit will be fully or partially refundable to the tenant.
08
Sign and date the security deposit form, and ensure the tenant also signs and dates it. This signifies that both parties have read and agreed to the terms outlined in the form.
Who needs security deposits and form?
01
Landlords or property managers typically require security deposits and forms from tenants who are entering into a rental agreement.
02
The purpose of the security deposit is to protect the landlord's interests in case the tenant causes damage to the property or does not fulfill their rental obligations.
03
By filling out the security deposit form, both the landlord and the tenant establish a clear record of the agreed-upon terms and conditions regarding the deposit, helping to prevent misunderstandings or disputes in the future.
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