Regulation .07 Land Disposition Agreement.
Current through 2026-01-20. Source: COBRA Register Volume 04, Issue 02. Published by the Baltimore City Department of Legislative Reference.
Balt., Md., COBRA § 07.03.02.07 (2026)
Regulation .07 Land Disposition Agreement.LinkCopy Citation
A.
In General.
(1)
Upon receipt of a signed award letter, the Department shall:
(a)
Ensure the terms of a sale are subject to the land disposition agreement; and
(b)
Provide a draft copy of a land disposition agreement to the purchaser.
(2)
Upon receipt of the draft land disposition agreement from the Department, the purchaser shall:
(a)
Review the terms of the land disposition agreement; and
(b)
Submit a requested modification to the Department via email, if a modification is necessary.
B.
Signature.
(1)
Upon agreement of contract terms, the Department shall submit the land disposition agreement for final signature from the required parties as described under <cite data-path="07.03">this subtitle</cite>.
(2)
The purchaser shall:
(a)
Sign the land disposition agreement through the use of a RON; or
(b)
Sign and return the land disposition agreement via postal mail in accordance with <cite data-path="07.03.02.07|B.|(3)">§B(3) of this regulation</cite>.
(3)
A purchaser submitting a signed land disposition agreement via postal mail shall:
(a)
Ensure the signed land disposition agreement is notarized;
(b)
Assume the cost of:
(i)
Notarization; and
(ii)
Postage;
(c)
Address the mail to the purchaser’s assigned real estate officer as specified in the award letter; and
(d)
Send the signed and notarized land disposition agreement to:
(4)
The Department may not accept a land disposition agreement that is not notarized.
C.
Compliance.
The Department shall assign a compliance officer to ensure a purchaser remains compliant with the land disposition agreement until the Department receives a certificate of completion from the purchaser.