Del. Code tit. 25 § 7056

Current through 2024 Legislative Session Act Chapter 531
Section 7056 - Exemption
(a) Resident-owned communities shall be exempt from the provisions of this subchapter.
(b) Any deed subject to lease community shall be exempt from the provisions of this subchapter. A deed subject to lease community is a community wherein each home owner has a deed subject to lease recorded with the recorder of deeds, has a long-term lease of at least 40 years' duration where the lease includes specific rent increases, and wherein each home is of modular construction.

25 Del. C. § 7056

Added by Laws 2019, ch. 38,s 46, eff. 12/10/2019.