# 25 Del. C. § 81-305: § Â 81-305. Termination of contracts and leases of declarant

> Delaware · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_DE_T25_C81_SIII_S81-305

## Section

- **Citation:** 25 Del. C. § 81-305
- **Heading:** § Â 81-305. Termination of contracts and leases of declarant
- **Jurisdiction:** Delaware
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Delaware Code / Title 25 / Chapter 81 / Subchapter III / Section 81-305

## Text

Except as provided in § 81-122 of this title, if entered into before the executive board elected by the unit owners pursuant to § 81-303(f) of this title takes office:

(i) Any management contract, employment contract, or lease of recreational or parking areas or facilities;

(ii) Any other contract or lease between the association and a declarant or an affiliate of a declarant; or

(iii) Any contract or lease that is not bona fide or was unconscionable to the unit owners at the time entered into under the circumstances then prevailing, may be terminated without penalty by the association at any time after the executive board elected by the unit owners pursuant to § 81-303(f) of this title takes office upon not less than 90 days’ notice to the other party.

This section does not apply to:

(i) Any lease the termination of which would terminate the common interest community or reduce its size, unless the real estate subject to that lease was included in the common interest community for the purpose of avoiding the right of the association to terminate a lease under this section; or

(ii) A proprietary lease.

## Nearby sections

- [25 Del. C. § 81-301 § Â
        81-301. Organization of unit owners’ association.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T25_C81_SIII_S81-301.md)
- [25 Del. C. § 81-302 § Â
        81-302. Powers of unit owners’ association.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T25_C81_SIII_S81-302.md)
- [25 Del. C. § 81-303 § Â
        81-303. Executive board members and officers.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T25_C81_SIII_S81-303.md)
- [25 Del. C. § 81-304 § Â
        81-304. Transfer of special declarant rights.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T25_C81_SIII_S81-304.md)
- [25 Del. C. § 81-305 § Â
        81-305. Termination of contracts and leases of declarant.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T25_C81_SIII_S81-305.md)
- [25 Del. C. § 81-306 § Â
        81-306. Bylaws.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T25_C81_SIII_S81-306.md)
- [25 Del. C. § 81-307 § Â
        81-307. Upkeep of common interest community.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T25_C81_SIII_S81-307.md)
- [25 Del. C. § 81-308 § Â
        81-308. Unit owner meetings.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T25_C81_SIII_S81-308.md)
- [25 Del. C. § 81-308A § Â
        81-308A. Executive board meeting.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T25_C81_SIII_S81-308A.md)
- [25 Del. C. § 81-309 § Â
        81-309. Quorums.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T25_C81_SIII_S81-309.md)
- [25 Del. C. § 81-310 § Â
        81-310. Voting; proxies.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T25_C81_SIII_S81-310.md)
- [25 Del. C. § 81-311 § Â
        81-311. Tort and contract liability; tolling of limitation period.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T25_C81_SIII_S81-311.md)
- [25 Del. C. § 81-312 § Â
        81-312. Conveyance or encumbrance of common elements.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T25_C81_SIII_S81-312.md)
- [25 Del. C. § 81-313 § Â
        81-313. Insurance.](https://www.frixlaw.com/law-library/statutes/STATE_DE_T25_C81_SIII_S81-313.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_DE_T25_C81_SIII_S81-305. Check the current official text before relying on it. Not legal advice.