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§ 8A-1802. Application of subtitle

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-1802
§ 8A-1802. Application of subtitle
Currentness
Substantially different offers
(a) The requirements of this subtitle apply separately to each substantially different offer to sell or to purchase a manufactured housing community.
Exceptions
(b) This subtitle does not apply to the potential sale of a manufactured housing community if:
(1) A mortgagee, grantee, or other secured party has foreclosed on the manufactured housing community and the mortgagee, grantee, or secured party is selling the manufactured housing community:
(i) At a foreclosure sale; or
(ii) After purchasing the manufactured housing community at a foreclosure sale;
(2) The community owner is selling the manufactured housing community to:
(i) A family member of the community owner; or
(ii) A trust whose beneficiaries are family members of the community owner;
(3) The community owner is a partnership, limited liability company, or similar business entity and the sale is to one or more of the partners or members of the business entity;
(4) The conveyance of an interest in the manufactured housing community is incidental to the financing of the manufactured housing community;
(5) The sale of the manufactured housing community is between joint tenants or tenants in common;
(6) The sale of the manufactured housing community is a result of the exercise of the power of eminent domain;
(7) The sale of the manufactured housing community involves a merger, recapitalization, or similar transaction where:
(i) At least one community owner prior to the transaction remains a community owner after the transaction; and
(ii) The community owner files an affidavit, recorded in the land records in the county in which the property is located, affirming that the community owner will allow continued use of the land as a manufactured housing community for at least 6 months after the date the transaction is finalized; or
(8) The sale of the manufactured housing community involves:
(i) A like-kind exchange; or
(ii) A sale of more than one home in the community to a single purchaser.

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-1802, MD REAL PROP § 8A-1802
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