(a) Any tenant at the time of the preliminary notice grace period shall be entitled to have the tenant’s lease extended, on the same terms and conditions as the immediately preceding lease, until the expiration of the grace period. Nothing in this subsection shall prevent the owner from increasing rent pursuant to § 7110(d) of this title.

Terms Used In Delaware Code Title 25 Sec. 7107

  • Grace period: The number of days you'll have to pay your bill for purchases in full without triggering a finance charge. Source: Federal Reserve
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Month: means a calendar month, unless otherwise expressed. See Delaware Code Title 1 Sec. 302

(b) After receipt of the final notice, and upon 30 days’ written notice to the owner, a tenant may without penalty terminate the tenant’s existing lease; provided, however, that the owner shall receive a full month‘s rent for any partial month of tenancy.

64 Del. Laws, c. 14, § ?2; 84 Del. Laws, c. 42, § 124;