Regulation .07 Information Provided to Department.
Regulation .07 Information Provided to Department.LinkCopy Citation
Upon entry into a contract of sale with a tenant to purchase a residential rental property, the termination of a tenant’s exclusive negotiation period, or the termination of a tenant’s right of first refusal as provided in Real Property Article, §8-119, Annotated Code of Maryland, the owner shall provide the following information to the Office by submission form on the Office’s website:
A.
The physical address of the property, including the county (or Baltimore City) in which the property is located;
B.
The legal description of the property;
C.
The material terms proposed in any notice, offer, or counteroffer made to or by the tenant under Real Property Article, §8-119(c), Annotated Code of Maryland, whether accepted or rejected;
D.
If applicable, the material terms of the contract of sale;
E.
The length of time the tenant resided in the property before the owner sent the notice required by this chapter; and
F.
The periodic rent amount under the most recent lease entered by the tenant.