§ 10–402
Statutes in effect as of October 1, 2026.
Md. Code Ann., Real Prop. § 10-402 (2026)
Title 10. Sales of Property
Subtitle 4. Recorded Land Contracts
§ 10–402LinkCopy Citation
A recorded instrument, recorded modification, or any amendment of a recorded instrument or recorded modification creating an option to purchase property, or any memorandum of option recorded under § 3-101(f) of this article ceases to be actual or constructive notice to any person or to put any person on inquiry as to existence or exercise of the option, if:
(1)
The instrument according to its terms has expired;
(2)
One year has elapsed since the time of expiration; and
(3)
No grant or other instrument has been recorded showing that the option has been exercised.