Delaware § 7030 Right of first offer; offer of an alternative price

Delaware Statutes

§ 7030 — Right of first offer; offer of an alternative price

Delaware § 7030

JurisdictionDelaware

Title25

PartManufactured Home Communities

Ch. 70Manufactured Homes and Manufactured Home Communities Act

Subch.Right of First Offer

This text of Delaware § 7030 (Right of first offer; offer of an alternative price) is published on Counsel Stack Legal Research, covering Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Del. Code tit. 25, § 7030 (2026).

Text

(a)An alternative offer of price for the sale, transfer, or conveyance of the community from the homeowner association remains valid for 6 months, unless withdrawn by the homeowner association in writing and sent to the community owner by overnight service with signature receipt. If the community is still for sale at the expiration of the initial 6-month alternative offer period, the homeowners association shall have the right to refresh their alternative offer within 7 days of its expiration upon written notice to the community owner. The refreshed offer will be valid for 6 months. The homeowners association shall have the right to refresh their offer every 6 months until the property is sold or 18 months has elapsed from the time notice was provided under § 7027(a) of this title, whiche

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(a) An alternative offer of price for the sale, transfer, or conveyance of the community from the homeowner association remains valid for 6 months, unless withdrawn by the homeowner association in writing and sent to the community owner by overnight service with signature receipt. If the community is still for sale at the expiration of the initial 6-month alternative offer period, the homeowners association shall have the right to refresh their alternative offer within 7 days of its expiration upon written notice to the community owner. The refreshed offer will be valid for 6 months. The homeowners association shall have the right to refresh their offer every 6 months until the property is sold or 18 months has elapsed from the time notice was provided under § 7027(a) of this title, whichever comes first. The alternative offer and any refreshed alternative offer may be amended at any time upon written notice to the community owner. In the event a community owner decides they no longer want to sell a community after having provided the homeowners association with the notice of first offer, any outstanding alternative offer shall be void. The community owner shall promptly notify the homeowners association of their decision to remove the community from the market.

(b) A notice to withdraw an alternative offer must be approved by the members of the homeowners association. The approval percentage must be stated in the notice to the community owner.

Legislative History

74 Del. Laws, c. 35, § 2 ; 70 Del. Laws, c. 186, § 1 ; 76 Del. Laws, c. 336, § 1 ; 77 Del. Laws, c. 238, §§ 2-20 ; 79 Del. Laws, c. 330, § 1 ; 82 Del. Laws, c. 38, § 32