§ 8A-1806

Maryland § 8A-1806

• Jurisdiction: Maryland
• Article grp: Real Property
• Title: 8A

Text

(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.