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Session Laws, 1972
Volume 708, Page 1045   View pdf image
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Marvin Mandel, Governor                          1045

8-218. Tenants' deposits.

(a)    Escrow account for deposits not credited to rent.

When a landlord or an authorized agent of the landlord requires
a deposit of money from a tenant in an apartment building and/
or development with 4 or more units prior to or in connection with
any lease, which is not credited to rent, the deposit shall be deposited
to an escrow account.

(b)    Return of deposit upon termination of lease; deductions
from deposit.

Within twenty days after the termination of a lease, any money
held in connection with the lease in an escrow account under
the provisions of subparagraph (a) shall be returned to the tenant;
but the landlord may deduct from the amount returned an amount
equal to any rent past due, an amount equal to damages for lost
future rent where the tenant vacates the leased premises contrary
to the terms of the lease, and for any damage to the property
for which the tenant may properly be held liable.

(c)    Damages recoverable in suit to recover deposit.

In any suit by a tenant to recover a deposit under this Section
8-213, where the tenant has successfully established his right to
the return of all or part of the deposit, the tenant shall be entitled
to recover as damages the amount of the deposit plus court costs
including a reasonable attorney's fee. If the court should find that
the suit was brought by the tenant without substantial justification,
the landlord shall be entitled to recover a reasonable attorney's fee.

8-214. Lease option agreements.

(a)    A lease option agreement, for the purposes of this section,
shall be defined as any lease agreement which contains a clause that
confers on the tenant some power, either qualified or unqualified,
to purchase the landlord's interest in the real property.

(b)    No lease option purchase of improved residential property
with or without a ground rent, executed after July 1, 1971 shall be
valid in this State, unless it contains a statement in capital letters:
THIS IS NOT A CONTRACT TO BUY, and a clear statement
of its purpose and effect with respect to the ultimate purchase of
the property which is the subject of the lease option.

8-215. Rent Reserved as Crops.

(a)    Lien on crops.

In all cases of renting property where a share of the growing
crops shall be reserved as rent, the rent reserved shall be a lien
on such crops which shall not be divested by any sale made thereof
by the tenant, or by the assignment of the tenant in bankruptcy or
insolvency, or by process of law issued against the tenant.

(b)    Rule in St. Mary's, Prince George's, Charles, Calvert and
Worcester Counties.

In Calvert, Charles, Prince George's, St. Mary's and Worcester
counties, in all cases of renting property where a share of the
growing crops shall be reserved as rent, or where advances by the
landlord have been made upon the faith of the crops to be grown,
said rent reserved and such advances made shall be a lien on such


 

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Session Laws, 1972
Volume 708, Page 1045   View pdf image
 Jump to  
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