Learn About the Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of December 31, 2021 | Updated by FindLaw Staff
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, Chapter 300 of the Maryland Rules;
(3) The owner of the interest in the property retains the right to any proceeds of a sale as set forth in the affordable housing land trust agreement; and
(4) The right of the owner to the proceeds has precedence over any claim by the affordable housing land trust to the proceeds of the sale.
Cite this article: FindLaw.com - Maryland Code, Real Property § 14-507 - last updated December 31, 2021 | https://codes.findlaw.com/md/real-property/md-code-real-prop-sect-14-507/
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 or via Westlaw before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)