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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) In this subtitle the following words have the meanings indicated unless the context requires otherwise.
(b)(1) “Contract” means a real covenant running with the land or a contract recorded among the land records of a county or Baltimore City.
(2) “Contract” includes a:
(i) Declaration or bylaws recorded under the provisions of the Maryland Condominium Act 1 or the Maryland Real Estate Time-Sharing Act; or
(ii) Regulated sustainable energy contract recorded under the provisions of Title 9, Subtitle 20D of the State Government Article.
(c)(1) “Damages” means unpaid sums due under a contract, plus interest accruing on the unpaid sums due under a contract or as provided by law, including fines levied under the Maryland Condominium Act or the Maryland Real Estate Time-Sharing Act.
(2) “Damages” does not include consequential or punitive damages.
(d) “Lien” means a lien created under this subtitle.
(e) “Party” means any person who:
(1) Is a signatory to a contract;
(2) Is described in a contract as having the benefit of any provision of the contract; or
(3) Owns property subject to the provisions of a contract.
(f) “Statement of lien” means the statement described under § 14-203(j) of this subtitle.
Cite this article: FindLaw.com - Maryland Code, Real Property § 14-201 - last updated January 01, 2025 | https://codes.findlaw.com/md/real-property/md-code-real-prop-sect-14-201/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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