In the case of a sale of a unit for which delivery of a public offering statement is required, a contract of sale may be executed, but no interest in that unit may be conveyed, until the declaration is recorded and the unit is substantially completed, as evidenced by a recorded certificate of substantial completion executed by an independent registered architect or engineer, or by issuance of a certificate of occupancy authorized by law.

76 Del. Laws, c. 422, § ?2; 77 Del. Laws, c. 91, § ?82;

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Terms Used In Delaware Code Title 25 Sec. 81-420

  • Contract: A legal written agreement that becomes binding when signed.