Permanent leasehold estates, renewable forever, shall be considered to be estates in fee simple, and shall be subject to the same modes of alienation, power of devise, and rules of descent and distribution, and to all the incidents of an estate in fee, provided that the grantor of the leasehold or the person entitled to the estate, out of which the term issues, has first released to the grantee of the term or the person in possession of the leasehold all his right to the rent charged upon or growing out of the leasehold.
Structure Delaware Code
Chapter 3. TITLES AND CONVEYANCES
§ 301. Fines and common recoveries.
§ 302. Bar of estate tail by deed.
§ 303. Warranty by life tenant and collateral warranty.
§ 304. Permanent leasehold estates as estates in fee simple.
§ 305. Deeds by foreign corporations; recording as evidence; ownership rights.
§ 306. Title and disposal of property by aliens.
§ 307. Title derived through alien.
§ 308. Validity of conveyances to or from aliens.
§ 309. Conveyance of real estate between spouses.
§ 310. Release of rights of curtesy or dower.
§ 314. Contract requirements for the sale of real estate involving seller financing.
§ 315. Contracts for sale of agricultural lands.
§ 317A. Required disclosure of financial obligations in chain of title for new home sales.