A. The notice delivered to tenants under this chapter shall contain, at minimum, the following information:
- (1) The sales price proposed in the third-party offer to purchase;
- (2) A conspicuous statement that the notice is a solicitation of an offer to purchase and is not intended as and may not be construed as a binding contract of sale; and
- (3) Any information regarding deadlines for the tenant to submit an offer to purchase.
- B. The notice delivered to tenants under this chapter shall be in the form provided in Appendix C of this subtitle.
- C. The Office shall make the form provided in Appendix C of this subtitle available on its public website in a format allowing residential rental property owners to populate the blank sections of the form, download the form, and print the form for delivery to tenants.
- D. The Office may, from time to time, with the approval of the Secretary, edit or amend the form provided in Appendix C of this subtitle to facilitate compliance with Real Property Article, §§8-119(d) and 8-120, Annotated Code of Maryland, or other applicable law, as appropriate. SEE FORM AT END OF CHAPTER.
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)