§ 10–716
Statutes in effect as of October 1, 2026.
Md. Code Ann., Real Prop. § 10-716 (2026)
Title 10. Sales of Property
Subtitle 7. Contracts of Sale -- Miscellaneous Provisions
§ 10–716LinkCopy Citation
(a)
In this section, “FEMA elevation certificate” has the meaning stated in § 5–810 of the Environment Article.
(b)
(1)
This section applies only to residential real property improved by four or fewer single family units.
(2)
This section does not apply to:
(i)
The initial sale of a single family residence that:
(1)
Has never been occupied; or
(2)
A certificate of occupancy has been issued for within 1 year before the date on which the vendor and purchaser enter into a contract of sale;
(ii)
A transfer of property that is exempt from the transfer tax under § 13–207 of the Tax – Property Article, except:
(1)
A land installment contract of sale; or
(2)
An option to purchase real property;
(iii)
A sale by a lender, or an affiliate of a lender, that acquired the real property by foreclosure or deed in lieu of foreclosure;
(iv)
A sheriff’s sale, tax sale, or sale by foreclosure, partition, or court–appointed trustee;
(v)
A transfer by a fiduciary in the course of administering a decedent’s estate, guardianship, conservatorship, or trust;
(vi)
A transfer of a single family residential real property that the buyer will convert into a use other than residential; or
(vii)
A sale of unimproved real property.
(c)
Beginning July 1, 2027, before entering into a contract of sale, a vendor of residential real property shall provide to the purchaser:
(1)
A completed flood risk disclosure statement form developed and published by the Department of the Environment under § 5–810 of the Environment Article; and
(2)
If available, a copy of the FEMA elevation certificate for the property.