Maryland Code, REAL PROPERTY 8-201
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Terms Used In Maryland Code, REAL PROPERTY 8-201
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(a) This subtitle is applicable only to residential leases unless otherwise provided.
(b) This subtitle does not apply to a tenancy arising after the sale of owner-occupied residential property where the seller and purchaser agree that the seller may remain in possession of the property for a period of not more than 60 days after the settlement.