Del. Code tit. 29 § 9502

Current through 2024 Legislative Session Act Chapter 269
Section 9502 - Expenses incidental to transfer of title

The agency acquiring real property for such use shall, as soon as practicable after the date of payment of the purchase price or the date of deposit into court of funds to satisfy the award of compensation in a condemnation proceeding to acquire real property, whichever is the earlier, reimburse the owner, to the extent the agency deems fair and reasonable, for expenses necessarily incurred for: (1) Recording fees, transfer taxes and similar expenses incidental to conveying such real property to the State; (2) penalty costs for prepayment for any preexisting recorded mortgage entered into in good faith encumbering such real property; and (3) the prorata portion of real property taxes paid which are allocable to a period subsequent to the date of vesting title in the State or the effective date of possession of such real property by the State, whichever is the earlier.

29 Del. C. § 9502

29 Del. C. 1953, § 9202; 58 Del. Laws, c. 413, § 3; 70 Del. Laws, c. 186, § 1.;