Sec. 13-1114. Exceptions to County right of first refusal

prohibits the buyer from converting the multifamily rental facility for at least three (3) years after the sale; or

at least twenty (20) percent of the units in the multifamily rental facility as rental units for fifteen (15) years from the date of acquisition for households do not exceed the applicable income eligibility figures established under Section 11-138 (b)(4)(ii) of the Real Property Article of the Annotated Code of Maryland; and

the Department received the written agreement from the prospective buyer at least thirty (30) days before the sale.

physical condition of the multifamily rental facility, including any rehabilitation necessary to correct dangerous defects;

tenants' ability to afford rent increases; and

the need to preserve quality low- and moderate-income rental housing in the County;

in a multifamily rental facility with less than twenty (20) rental dwelling units;

under the terms of a bona fide mortgage or deed of trust;

to a mortgagee in lieu of foreclosure or any other proceedings, arrangement or deed in lieu of foreclosure;

under a court order or judicial sale;

from one co-tenant to another co-tenant by operation of law;

under a will or descent or intestate distribution;

to the State or a local government;

to a spouse, son or daughter;

made pursuant to the liquidation of a partnership, limited liability company, or corporation; or

into a partnership, limited liability company, or corporation wholly owned by the person(s) so contributing.