Maryland Code, HOUSING AND COMMUNITY DEVELOPMENT 7-215
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Terms Used In Maryland Code, HOUSING AND COMMUNITY DEVELOPMENT 7-215
- Contract: A legal written agreement that becomes binding when signed.
If an assisted project includes a unit occupied by a designated household and the assisted project is sold or conveyed after a protected action:
(1) the provisions of this subtitle concerning extended leases continue to apply despite the sale or conveyance;
(2) the new landlord shall provide each designated household with written notice of the sale or conveyance; and
(3) on or before the execution of a contract of sale, the seller shall provide the purchaser with written disclosure of each unit occupied by a designated household subject to the provisions concerning extended leases for designated households.