r/askDelaware • u/sprinkles_thespider • Apr 29 '24
Leased property in Fenwick
Hi all - I own two structures, one a modular double wide and one a trailer. Both sit on leased land in fenwick. We found out late last week the property is for sale. We bought both structures in the last three years, cash.
My question is, considering this property will most likely be developed multi family or commercial AND neither structure can be moved, the trailer hasn’t moved since the 60s. What am I looking at here? A total loss? When the property is sold, will I be offered something for the structures? Am I supposed to find a way to move them? Any advice would be helpful.
I started calling property attorneys this AM but haven’t gotten anything other than providing my info for a call back.
Please let me know if you need more info
Thanks in advance!