§ 14–508
Statutes in effect as of October 1, 2026.
Md. Code Ann., Real Prop. § 14-508 (2026)
Title 14. Miscellaneous Rules
Subtitle 5. Affordable Housing Land Trusts
§ 14–508LinkCopy Citation
The reversionary rights of an affordable housing land trust as set forth in the affordable housing land trust agreement are limited to provisions that relate to:
(1)
The transfer of the property to a person who is not a party to the agreement or a person who does not meet the conditions set forth in the affordable housing land trust agreement;
(2)
The possession of the property by a person who does not meet the conditions set forth in the affordable housing land trust agreement;
(3)
The transfer of an interest in the property to a person who does not meet the conditions set forth in the affordable housing land trust agreement;
(4)
The waste, destruction, or abandonment of the property; or
(5)
The failure to comply with any financial provision in the affordable housing land trust agreement.