Md. Code Regs. 05.22.01.07

Current through Register Vol. 51, No. 24, December 2, 2024

Section 05.22.01.07 - Information Provided to Department

Upon entry into a contract of sale with a tenant to purchase a residential rental property, the termination of a tenant's exclusive negotiation period, or the termination of a tenant's right of first refusal as provided in Real Property Article, § 8-119, Annotated Code of Maryland, the owner shall provide the following information to the Office by submission form on the Office's website:

A. The physical address of the property, including the county (or Baltimore City) in which the property is located;

B. The legal description of the property;

C. The material terms proposed in any notice, offer, or counteroffer made to or by the tenant under Real Property Article, § 8-119(c), Annotated Code of Maryland, whether accepted or rejected;

D. If applicable, the material terms of the contract of sale;

E. The length of time the tenant resided in the property before the owner sent the notice required by this chapter; and

F. The periodic rent amount under the most recent lease entered by the tenant.

Md. Code Regs. 05.22.01.07

Regulation .07 adopted effective 51:20 Md. R. 898, eff. 10/14/2024.