Delaware § 7034 Right of first offer; failure to complete sale

Delaware Statutes

§ 7034 — Right of first offer; failure to complete sale

Delaware § 7034

JurisdictionDelaware

Title25

PartManufactured Home Communities

Ch. 70Manufactured Homes and Manufactured Home Communities Act

Subch.Right of First Offer

This text of Delaware § 7034 (Right of first offer; failure to complete sale) 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, § 7034 (2026).

Text

If, for any reason except default by the community owner, the homeowner association and the community owner do not complete the sale within the 90-day period under § 7033(c) of this title before the expiration of the extension period agreed to by the parties under § 7033(d) of this title, the right of first offer obligations of the community owner to the homeowner association are terminated, and the community owner may sell, transfer, or convey all or part of the community to any third party at the price offered in the right of first offer, or at a higher price or lower price, for the remainder of the 12-month period that commences on the date of the community owner’s notice of intention to sell, transfer, or convey all or part of the community.

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If, for any reason except default by the community owner, the homeowner association and the community owner do not complete the sale within the 90-day period under § 7033(c) of this title before the expiration of the extension period agreed to by the parties under § 7033(d) of this title, the right of first offer obligations of the community owner to the homeowner association are terminated, and the community owner may sell, transfer, or convey all or part of the community to any third party at the price offered in the right of first offer, or at a higher price or lower price, for the remainder of the 12-month period that commences on the date of the community owner’s notice of intention to sell, transfer, or convey all or part of the community.

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