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2007 Laws of Maryland
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Ch. 606
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FOR the purpose of requiring a seller of real property to provide copies of any
conservation easements encumbering the property to the buyer within a certain
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time; requiring a contract for the sale of real property encumbered by a
conservation easement establishing that a purchaser has the right to rescind a
contract for the sale of property encumbered by a conservation easement if the
seller fails to give the purchaser a copy of certain conservation easements
within a certain time and the contract of sale fails to contain a certain notice
under certain circumstances; requiring the buyer purchaser of certain real
property to provide certain notice to the owner of a conservation easement;
providing that the seller and buyer purchaser are entitled to rely on a
conservation easement recorded in the land records in satisfying certain
requirements; providing for certain exceptions; defining certain terms; and
generally relating to the sale of real property encumbered by a conservation
easement.
BY adding to
Article - Real Property .
Section 10-705
Annotated Code of Maryland
(2003 Replacement Volume and 2006 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Real Property
10-705.
(A) (1) IN THIS SECTION THE FOLLOWING WORDS HAVE THE
MEANINGS INDICATED.
(2) "CONSERVATION EASEMENT" MEANS AN EASEMENT,
COVENANT, RESTRICTION, OR CONDITION ON REAL PROPERTY, INCLUDING AN
AMENDMENT TO AN EASEMENT, COVENANT, RESTRICTION, OR CONDITION AS
PROVIDED FOR IN § 2-118 OF THIS ARTICLE AND OWNED BY:
(I) THE MARYLAND ENVIRONMENTAL TRUST;
(II) THE MARYLAND HISTORICAL TRUST;
(III) THE MARYLAND AGRICULTURAL LAND PRESERVATION
FOUNDATION;
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- 3874 -
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