- (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.
Added by Acts 2023, c. 176, § 2, eff. Oct. 1, 2023; Acts 2023, c. 177, 2, eff. Oct. 1, 2023.