What is the security deposit limit in Delaware?
Under 25 Del. C. § 5514, no landlord may require a security deposit exceeding one month's rent for unfurnished residential units where the rental agreement is for one year or more. For month-to-month or undefined-term tenancies that have lasted one year or more, the cap is also one month's rent, and any excess must be immediately returned as a credit to the tenant. Furnished units are exempt from this cap. If a pet is present, an additional deposit equal to one month's rent may be charged. The security deposit must be held in a federally-insured escrow account. Upon termination of the tenancy, the landlord must return the deposit within 20 days; failure to do so entitles the tenant to double the amount wrongfully withheld.