Md. Code, Real Property § 8A-1806
This is the official text of Md. Code, Real Property § 8A-1806, part of Maryland’s Code, Real Property — governs real estate transactions and landlord-tenant law.
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§8A–1806.
Official statutory text
(a) If a community owner willfully fails to comply with the requirements of this subtitle, the community owner shall be liable to the homeowners organization in the amount of $10,000.
(b) A purchaser who files an affidavit as required under § 8A–1803(a) of this subtitle is liable to the homeowners organization in the amount of $10,000 if the purchaser:
(1) Closes the manufactured housing community within 5 years after the date the purchase is finalized; or
(2) Increases the rent for a lot on the property by more than 10% per year in the first 3 years after the date the purchase is finalized.
(b) A purchaser who files an affidavit as required under § 8A–1803(a) of this subtitle is liable to the homeowners organization in the amount of $10,000 if the purchaser:
(1) Closes the manufactured housing community within 5 years after the date the purchase is finalized; or
(2) Increases the rent for a lot on the property by more than 10% per year in the first 3 years after the date the purchase is finalized.
Status: in_force · Read it on the official government site
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