In Delaware, a rental application is a form that landlords give to applicants to collect information from everyone who wishes to apply for an apartment in a uniform fashion. Rental applications ensure that landlords collect the same thorough information from all applicants so that the most financially stable and responsible tenant can be chosen. Rental applications generally collect sensitive information, such as social security number, full address, rental history, and income specifics. According to state law, the fee for processing an application may not exceed more than 10% of the monthly rent or $50, whichever is more.
According to 70 Del. Laws, c. 513, § 3, a landlord may not demand more than one (1) month’s rent for a security deposit on a 12-month lease. In Delaware, it is important to note that this law is only applicable to unfurnished rentals.
Furthermore, these deposits must be deposited into an escrow account by a federally insured bank, and not used in business operations. A tenant’s deposit must be returned to them no more than 20 days after the tenant's residency ends.