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§ 8A-1806. Liability

West's Annotated Code of MarylandReal PropertyEffective: October 1, 2023

West's Annotated Code of Maryland
Real Property (Refs & Annos)
Title 8a. Mobile Home Parks (Refs & Annos)
Subtitle 18. Sale of Manufactured Housing Communities (Refs & Annos)
Effective: October 1, 2023
MD Code, Real Property, § 8A-1806
§ 8A-1806. Liability
Currentness
Liability of community owner
(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.
Liability of purchaser
(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.

Credits

Added by Acts 2023, c. 176, § 2, eff. Oct. 1, 2023; Acts 2023, c. 177, 2, eff. Oct. 1, 2023.
MD Code, Real Property, § 8A-1806, MD REAL PROP § 8A-1806
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document