HOUSE BILL NO. 103
AS AMENDED BY HOUSE AMENDMENTS NOS. 1 AND 2
AN ACT TO AMEND PART III OF TITLE 25, OF THE DELAWARE CODE BY EXCLUDING LEASES FOR CERTAIN COMMERCIAL UNITS FROM APPLICATION OF CERTAIN PROVISIONS OF THE LANDLORD-TENANT CODE.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:
Section 1. Amend Section 5102, Title 25, Delaware Code, by adding the following new subsection (12) at the end thereof:
"(12) 'Rentable area' means an area computed by measuring to the inside finished surface of the perimeter walls of a rental unit including the area occupied by columns, elevator shafts, stair shafts, flues, pipe shafts, ducts and the like."
Section 2. Amend Section 5103, Title 25, Delaware Code, by adding the following at the end of thereof:
"Notwithstanding anything to the contrary in this section, chapters 51, 53, 55, 61, 65, 67, and 70 of this code shall not determine the legal rights, remedies, or obligations of the parties and beneficiaries of any rental agreement of a commercial unit [as defined in Section 5102 (1) of this code] consisting of an aggregate rentable area [as defined in Section 5102 (12) of this code] in excess of 150,000 square feet having a term (assuming the exercise of all options to renew the rental agreement) equal to or greater than 15 years."
Approved June 11, 1981.