Delaware § 5413 Antiloophole provision [For implementation of this section, see 85 Del. Laws, c. 98, § 5(2)]

Delaware Statutes

§ 5413 — Antiloophole provision [For implementation of this section, see 85 Del. Laws, c. 98, § 5(2)]

Delaware·Title 25·Part Residential Landlord-Tenant Code·Ch. 54 Lead-Based Paint Hazard Reduction

To prevent circumvention of this chapter, all owners of rental property must disclose to the Department their beneficial owner and any affiliation with other property owners. Any attempt to partition or transfer ownership to avoid classification as a large property owner must be considered a violation of this chapter and subject to penalties. Any rental unit transferred to a spouse, child, or parent of the property owner will be counted as a rental unit of the initial owner or transferor.

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To prevent circumvention of this chapter, all owners of rental property must disclose to the Department their beneficial owner and any affiliation with other property owners. Any attempt to partition or transfer ownership to avoid classification as a large property owner must be considered a violation of this chapter and subject to penalties. Any rental unit transferred to a spouse, child, or parent of the property owner will be counted as a rental unit of the initial owner or transferor.

Delaware § 5413 (Antiloophole provision [For implementation of this section, see 85 Del. Laws, c. 98, § 5(2)]) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.