1. A. Before a residential rental property may be offered for sale to the public or a third party, including through a listing for sale, the owner of the property shall send each tenant of the property a written notice of the tenant’s right to deliver an offer to purchase the property.

2. B. A notice sent to a tenant under this chapter shall be delivered by:

   1. (1) First-class U.S. Mail, with a certificate of mailing; or
   2. (2) A delivery service providing delivery tracking and confirmation.
3. C. The owner shall send a copy of a notice sent to a tenant under this chapter to the Office by a submission form on the Office’s website.

4. D. The owner shall notify the Office by submission form on the Office’s website if:

   1. (1) A tenant delivers a timely written offer to purchase the property that contains the same or more favorable material terms as those contained in the notice sent under this chapter;
   2. (2) A tenant fails to make an offer to purchase in response to the notice sent under this chapter within the time prescribed by law;
   3. (3) A tenant affirmatively declines to make an offer to purchase the property;
   4. (4) A tenant fails to make a timely response to, or rejects, a counteroffer made by the owner under Real Property Article, §8-119(c)(5)(ii), Annotated Code of Maryland; or
   5. (5) A tenant accepts a counteroffer made by the owner under Real Property Article, §8-119(c)(5)(ii), Annotated Code of Maryland.

Authority: Housing and Community Development Article, §5-104; Real Property Article, §8-119, Annotated Code of Maryland

Effective date: October 14, 2024 (51:20 Md. R. 898)