What is the maximum security deposit allowed for a residential lease in Delaware?

In Delaware, the law stipulates that the maximum security deposit for a residential lease cannot exceed one month's rent. This regulation is designed to protect tenants from excessive charges that can arise in the leasing process, ensuring that the financial burden on tenants is limited. It's important to note that landlords may require this one month’s rent to safeguard against potential damages or unpaid rent, but anything beyond this limit would not be legally permissible. This cap helps maintain fairness in rental agreements and promotes transparency between landlords and tenants, fostering a more compliant rental market.