Maryland Code, REAL PROPERTY 14-903
Current as of: 2023 | Check for updates
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Terms Used In Maryland Code, REAL PROPERTY 14-903
- Lien: A claim against real or personal property in satisfaction of a debt.
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
A service agreement, or any part of a service agreement, may not:
(1) Be effective for more than 1 year; or
(2) (i) Purport to run with the land or bind subsequent bona fide purchasers;
(ii) Purport to create a lien, encumbrance, or security interest on the residential property of a party to the service agreement; or
(iii) Allow the service provider to assign or transfer the right to provide services under the service agreement to another person without notice or the consent of a party to the service agreement.