A residential lease rental agreement is a contract between a tenant and landlord, which outlines the rules, regulations and terms of the living arrangement. The tenant should abide all of the language contained within the agreement.
A rental lease agreement will state how much rent the tenant should pay to the landlord. Rent is usually due on the first of the month. Landlords will sometimes give tenants a grace period of 4 or 5 days to pay rent without being assessed a fee.
The lease agreement will designate the time frame for the lease. A lease is usually in effect for one year, but that can vary. The beginning date and ending date is clearly spelled out in a lease agreement.
The landlord will make known, within the confines of the agreement, the requirements for the security deposit. A security deposit is usually required in case the property is damaged. If a tenant leaves the premises before the end of the lease agreement, the security is forfeited, unless an another arrangement can be worked out between the tenant and landlord.
Delaware is a U.S. state located on the Atlantic Coast in the Mid-Atlantic region of the United States. It is bordered to the south and west by Maryland, and to the north by Pennsylvania. The state takes its name from Thomas West, 3rd Baron De La Warr, an English nobleman and Virginia’s first colonial governor, after whom what is now called Cape Henlopen was originally named.
Delaware is located in the northeastern portion of the Delmarva Peninsula and is the 2nd least extensive, the 6th least populous, but the 6th most densely populated of the 50 United States. Delaware is divided into three counties. From north to south, these three counties are New Castle, Kent, and Sussex. While the southern two counties have historically been predominantly agricultural, New Castle County has been more industrialized.