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DE HB107
Bill
Status
6/19/2013
Primary Sponsor
Paul Baumbach
Click for details
AI Summary
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Grants buyers of manufactured homes the exclusive right to choose between assuming the existing lease from the seller or negotiating a new lease with the community owner.
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Requires landlords to accept or reject a prospective tenant within one week of receiving notice of intent to sell, transfer, or convey the manufactured home.
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Mandates community owners furnish prospective buyers with a proposed lease agreement and all required disclosures under section 7005 at least 14 days before the scheduled sale or transfer.
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Preserves buyer protections allowing 3 years to complete community standard changes, with landlords retaining authority to require faster completion for safety-related changes.
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Establishes that if the seller-tenant has not made required standard changes, the buyer must deposit 120% of estimated costs into a jointly-controlled account before work begins.
Legislative Description
An Act To Amend Title 25 Of The Delaware Code Relating To Manufactured Homes And Manufactured Home Communities.
Last Action
Assigned to Small Business Committee in Senate
6/25/2013