Ch. 756                                       LAWS OF MARYLAND

Article - Real Property

Section 14-118 and 14-120

Annotated Code of Maryland

(1988 Replacement Volume and 1988 Supplement)

BY renumbering

Article - Real Property

Section 14-119

to be Section 14-118

Annotated Code of Maryland

(1988 Replacement Volume and 1988 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Real Property

14-117,

(A)  A contract for the sale of real property subject to a
ground rent shall contain the following:

(1)  Notice of the existence of the ground rent; and

(2)  Notice that if the ground rent is not timely paid
the effect may [be] BE:

(i) That the reversionary owner of the ground
rent may bring an action for possession against the ground rent
tenant under § 8-402.2 of this article; and

(ii) As a result of the action for possession,
the reversionary owner of the ground rent may own the property in
fee, discharged from the lease.

(B)  A CONTRACT OF FOR THE INITIAL SALE OF IMPROVED,
RESIDENTIAL REAL PROPERTY TO A MEMBER OF THE PUBLIC WHO INTENDS
TO OCCUPY OR RENT THE PROPERTY FOR RESIDENTIAL PURPOSES SHALL
DISCLOSE TO THE INITIAL PURCHASER THE ESTIMATED COST, AS
ESTABLISHED BY THE APPROPRIATE WATER AND SEWER AUTHORITY, OF ANY
DEFERRED WATER AND SEWER CHARGES FOR WHICH THE PURCHASER MAY
BECOME LIABLE. IF THE APPROPRIATE WATER AND SEWER AUTHORITY HAS
NOT ESTABLISHED A SCHEDULE OF CHARGES FOR THE WATER AND SEWER
PROJECT THAT BENEFITS THE PROPERTY OR IF A LOCAL JURISDICTION HAS
ADOPTED A PLAN TO BENEFIT THE PROPERTY IN THE FUTURE, THE
CONTRACT OF SALE SHALL DISCLOSE THAT FACT TO THE INITIAL
PURCHASER.

(C)  VIOLATION OF SUBSECTION (B) OF THIS SECTION ENTITLES
THE INITIAL PURCHASER TO RECOVER FROM THE SELLER:

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