Md. Code, Real. Prop. § 8A-1806

Current with changes from the 2024 Legislative Session
Section 8A-1806 - Liability
(a) If a community owner willfully fails to comply with the requirements of this subtitle, the community owner shall be liable to the homeowners organization in the amount of $10,000.
(b) A purchaser who files an affidavit as required under § 8A-1803(a) of this subtitle is liable to the homeowners organization in the amount of $10,000 if the purchaser:
(1) Closes the manufactured housing community within 5 years after the date the purchase is finalized; or
(2) Increases the rent for a lot on the property by more than 10% per year in the first 3 years after the date the purchase is finalized.

Md. Code, RP § 8A-1806

Added by 2023 Md. Laws, Ch. 176, Sec. 2, eff. 10/1/2023.