Md. Code, Real Prop. § 14-508

Maryland · Maryland Code, Real Property · Status: effective

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Citation: Md. Code, Real Prop. § 14-508, Maryland, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1786786
Permanent ID: ys:prov:1786786@1
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The reversionary rights of an affordable housing land trust as set forth in the affordable housing land trust agreement are limited to provisions that relate to: (1) The transfer of the property to a person who is not a party to the agreement or a person who does not meet the conditions set forth in the affordable housing land trust agreement; (2) The possession of the property by a person who does not meet the conditions set forth in the affordable housing land trust agreement; (3) The transfer of an interest in the property to a person who does not meet the conditions set forth in the affordable housing land trust agreement; (4) The waste, destruction, or abandonment of the property; or (5) The failure to comply with any financial provision in the affordable housing land trust agreement.