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October 2014 Archives

Can a tenant terminate a lease agreement?

Under Delaware law, a tenant can terminate a rental agreement in the first month if the landlord does not adhere to the terms of the lease or if the tenant moves into a property where an issue exists that violates an ordinance, code, statute or regulation and the tenant maintains possession because of a promise by the landlord to correct the issues. If the same breach occurs again within six months, the tenant may terminate the agreement by giving the landlord a 15-day written notice specifying the breach and rental agreement termination date.

NAR: residential real estate sales down in Aug., but still strong

The National Association of Realtors is reporting a slight slowdown in home sales took place nationwide in August. However, the group, which represents real estate agents in Delaware and across the country, believes that the picture is a mixed bag, and actually positive when it comes to first-time homebuyers.