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§ 11-133. Termination of leases and contracts

West's Annotated Code of MarylandReal Property

West's Annotated Code of Maryland
Real Property (Refs & Annos)
Title 11. Maryland Condominium Act (Refs & Annos)
MD Code, Real Property, § 11-133
§ 11-133. Termination of leases and contracts
In general
(a) Within three years following the date on which units have been granted by the developer to unit owners having a majority of the votes in the council of unit owners, any lease, and any management contract, employment contract, or other contract to which the council of unit owners is a party entered into between the date the property subjected to the condominium regime was granted to the developer and the date on which units have been granted by the developer to unit owners having a majority of votes in the council of unit owners may be terminated by a majority vote of the council of unit owners without liability for the termination. The termination shall become effective upon 30 days' written notice of the termination from the council of unit owners.
Application of section
(b) The provisions of this section do not apply to:
(1) Any contract or grant between the council of unit owners and any governmental agency or public utility; or
(2) A condominium that is occupied and used solely for nonresidential purposes.

Credits

Added as Real Property § 11-125 by Acts 1974, c. 641, § 2, eff. July 1, 1974. Amended by Acts 1980, c. 681, § 1, eff. July 1, 1980. Renumbered as Real Property § 11-133 and amended by Acts 1981, c. 246, § 1, eff. July 1, 1981. Amended by Acts 1986, c. 572.
MD Code, Real Property, § 11-133, MD REAL PROP § 11-133
Current through all legislation from the 2017 Regular Session of the General Assembly
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