(a) Every land installment contract shall be evidenced by a contract signed by all parties to it and containing all the terms to which they have agreed. (b) At or before the time the purchaser signs the instrument, the vendor shall deliver to him an exact copy and the purchaser shall give the vendor a receipt showing […]
(a) Every land installment contract shall contain all the following information: (1) The full name, the place of residence, and post office address of every party to the contract; (2) The date when signed by the purchaser; (3) A legal description of the property covered by the contract; (4) A disclosure, with respect to the six–month period prior to the […]
Every land installment contract shall be indexed and recorded among the land records in the office of the clerk of the circuit court of the county where the property which is the subject of the contract is located. With regard to any person who claims any interest in or lien on the property arising after […]
(a) If the contract fixes no earlier period, when 40 percent or more of the original cash price of the property is paid, the purchaser may demand a grant of the premises mentioned in the contract, on the condition that he execute a purchase money mortgage to the vendor, or to a mortgagee procured by the […]
If the purchaser, on or before the date designated in a notice from the vendor of intention to terminate a land installment contract due to the purchaser’s default, complies with the terms and conditions in respect to which the default has occurred, the contract continues in full force and effect, notwithstanding any contrary provision in […]
(a) Every vendor under a land installment contract shall mail or deliver a statement to the purchaser: (1) When 40 percent of the original cash price has been paid; and (2) (i) Annually within 30 days of January 1; or (ii) On demand of the purchaser no more than twice a year. (b) The statement shall show: (1) The total amount paid […]
If a vendor fails to comply with the provisions of § 10-105 or § 10-107 of this subtitle, the purchaser has the right to enforce these sections in a court of equity. If the court finds that the vendor has failed to comply with these provisions, the court shall grant appropriate relief and shall require […]
