(a) In the case of a sale of a unit where delivery of a public offering statement is required pursuant to § 81-402(c) of this title, a seller
(1) Shall have the subject property released from all liens, except liens on real estate that a declarant has the right to withdraw from the common interest community, that the purchaser does not expressly agree to take subject to or assume and that encumber:
(i) In a condominium, that unit and its common element interest, and
(ii) In a cooperative or planned community, that unit and any limited common elements assigned thereto, or
(2) Shall provide a surety bond or substitute collateral for or insurance against the lien as provided for liens on real estate.
(b) Before conveying real estate to the association, the declarant shall have that real estate released from:
Structure Delaware Code
Chapter 81. DELAWARE UNIFORM COMMON INTEREST OWNERSHIP ACT
Subchapter IV. Protection of Purchasers
§ 81-401. Applicability; waiver.
§ 81-402. Liability for public offering statement requirements.
§ 81-403. Public offering statement; general provisions.
§ 81-404. Common interest communities subject to development right.
§ 81-406. Common interest communities containing conversion buildings.
§ 81-407. Common interest community securities.
§ 81-408. Purchaser's right to cancel.
§ 81-412. Conversion buildings.
§ 81-413. Express warranties of quality.
§ 81-414. Implied warranties of quality.
§ 81-415. Exclusion or modification of implied warranties of quality.
§ 81-416. Statute of limitations for warranties.
§ 81-417. Effect of violations on rights of action; attorneys' fees.
§ 81-418. Labeling of promotional material.
§ 81-419. Declarant's obligation to complete and restore.