Section 14-507 – Possession, Sale, and Transfer of Property
An affordable housing land trust agreement may authorize the affordable housing land trust to take possession of the property and any improvements and sell or transfer the specified interest in the property if: (1) A condition defined in the affordable housing land trust agreement authorizing the action is met; (2) The sale is made under Title 14, […]
Section 14-312 – Releases
(a) At the time of any settlement or payment in full between a broker and an owner, the broker shall give to the owner a signed release of the broker’s lien established under this subtitle. (b) An owner is not subject to a lien and is not otherwise liable for any commission included in the release under […]
Section 14-508 – Reversionary Rights
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 […]
Section 14-313 – Applicability of Maryland Rules Provisions
Subject to the provisions of this subtitle, an action to establish and enforce a broker’s lien under this subtitle, and all proceedings held under this subtitle, shall be in accordance with the Maryland Rules applicable to the establishment and enforcement of a mechanics’ lien under Title 9 of this article.
Section 14-509 – Tax Assessment
(a) In any assessment for tax purposes of property subject to an affordable housing land trust agreement, the property shall be assessed based on its market value subject to any restrictions in the affordable housing land trust agreement. (b) The assessment shall note that the sale was not an arms–length transfer on the property tax record.
Section 14-401 – “Maryland Coordinate System” Defined
In this subtitle, “Maryland Coordinate System” means the system of plane rectangular coordinates that has been established and adopted by the National Geodetic Survey for defining and stating the positions or locations of points on the surface of the earth within the State.
Section 14-510 – Nonprofit Organization Operating Trust
(a) A nonprofit organization operating an affordable housing land trust that gives up or loses its nonprofit status may no longer operate an affordable housing land trust under the terms of this subtitle. (b) A nonprofit organization operating an affordable housing land trust may transfer its interest in any affordable housing land trust agreement to another affordable […]
Section 14-402 – Scope of Subtitle
This subtitle: (1) Does not apply to Baltimore City; and (2) Does not refer to and is not connected with the coordinate system used by the Bureau of Plans and Surveys of Baltimore City.
Section 14-403 – Designation That Survey Based on Maryland Coordinate System
(a) If a land description uses the Maryland Coordinate System, it shall be designated on the land description. (b) A survey of lands may not have endorsed on the survey any legend or other statement indicating that the survey is based on the Maryland Coordinate System unless the survey actually is based on the Maryland Coordinate System.
Section 14-404 – Plane Rectangular Coordinates
(a) The plane rectangular coordinates of a point on the earth’s surface, to be used in expressing the position or location of the point on the Maryland Coordinate System, consist of two distances, expressed in meters and decimals of meters. (b) (1) One of the distances, known as the “eastings”, shall give the position in an east-west direction. […]