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Current as of January 01, 2025 | Updated by Findlaw Staff
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 affordable housing land trust agreement;
(2) The possession of the property by a person who does not meet the conditions set forth in the affordable housing land trust agreement;
(3) The transfer of an interest in the property to a person who does not meet the conditions set forth in the affordable housing land trust agreement;
(4) The waste, destruction, or abandonment of the property; or
(5) The failure to comply with any financial provision in the affordable housing land trust agreement.
Cite this article: FindLaw.com - Maryland Code, Real Property § 14-508 - last updated January 01, 2025 | https://codes.findlaw.com/md/real-property/md-code-real-prop-sect-14-508/
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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