25 Del. C. §81-409
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DUCIOA — Resale of Units
Requires delivery of a resale certificate within 10 days of a unit owner's request. Fee capped at $200 per certificate plus $50 for paper copy. If the association fails to deliver within 10 days, no fee may be charged. Buyer may cancel within 5 calendar days after receipt. Certificate must be accurate to within 120 days. Contains 19 or more required disclosure items including minutes from the preceding 6 months.
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Disclosure
| Ref | Requirement |
|---|---|
| Requires delivery of a resale certificate within 10 days of a unit owner's request. | |
| Within 10 days after a request by a unit owner | |
| Buyer may cancel within 5 calendar days after receipt. | |
| The purchaser, before conveyance, may cancel the contract within 5 calendar days after first receiving the resale certificate |
Financial
| Ref | Requirement |
|---|---|
| $200 for each certificate | |
| If the association fails to deliver within 10 days, no fee may be charged. | |
| Fee capped at $200 per certificate plus $50 for paper copy. |
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