Md. Code, Real Prop. § 10-402
Md. Code, Real Prop. § 10-402
Maryland · Maryland Code, Real Property · Status: effective
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- Citation
- Md. Code, Real Prop. § 10-402, Maryland, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1786472
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Full text
A recorded instrument, recorded modification, or any amendment of a recorded instrument or recorded modification creating an option to purchase property, or any memorandum of option recorded under § 3-101(f) of this article ceases to be actual or constructive notice to any person or to put any person on inquiry as to existence or exercise of the option, if:
(1) The instrument according to its terms has expired;
(2) One year has elapsed since the time of expiration; and
(3) No grant or other instrument has been recorded showing that the option has been exercised.