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Updated over 1 year ago on . Most recent reply

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Jaganath Dabbi
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Is it legal for a Landlord take 12 months rent in advance?

Jaganath Dabbi
Posted

I own a single-property home in Delaware. I have a renter with a questionable credit history. As a safety net, the renter offered to pay 12 months' rent in advance along with a month's worth of security deposit.

1. Is this legal?

2. Does the 12-month rent have to be put in escrow?

Thanks

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