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Session Laws, 1982
Volume 742, Page 7   View pdf image
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HARRY HUGHES, Governor                                     7

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
read(s) as follows:

Article - Real Property

11-142.

(f) Sections [11-126,] 11-127, 11-131, 11-136, 11-137,
11-138, 11-139, and 11-140 [are applicable only to those
condominiums] DO NOT APPLY TO THE CONVERSION OF RESIDENTIAL
RENTAL PROPERTY for which a notice of intention to create a
condominium [is issued on or after July 1, 1981] WAS ISSUED
BEFORE JULY 1, 1981, IF:

(1) (I) ON OR BEFORE MARCH 15, 1982, UNITS IN
THE RESIDENTIAL RENTAL PROPERTY HAVE BEEN PUBLICLY OFFERED
FOR SALE AS CONDOMINIUM UNITS; AND

(II) BEFORE THE EFFECTIVE DATE OF THIS ACT
ON OR BEFORE MARCH 15, 1982, 35 PERCENT OF THE UNITS IN THE
RESIDENTIAL RENTAL PROPERTY ARE UNDER A CONTRACT TO BE SOLD
PURSUANT TO A BONA FIDE, ARM'S LENGTH TRANSACTION; OR

(2) (I) BEFORE THE EFFECTIVE DATE OF THIS ACT ON
OR BEFORE MARCH 15, 1982, THE RESIDENTIAL RENTAL PROPERTY
HAS BEEN SUBJECTED TO A CONDOMINIUM REGIME, OR, IN THE CASE
OF AN EXPANDING CONDOMINIUM, THE RESIDENTIAL RENTAL PROPERTY
IS SHOWN ON THE CONDOMINIUM PLAT FILED ON OR BEFORE MARCH
15, 1982;

(II)  UNITS IN THE CONDOMINIUM HAVE BEEN
PUBLICLY OFFERED FOR SALE WITHIN 30 DAYS OF THE EFFECTIVE
DATE OF THIS ACT ON OR BEFORE APRIL 15, 1982; AND

(III)  WITHIN 60 DAYS OF THE EFFECTIVE DATE
OF THIS ACT ON OR BEFORE MAY 15, 1982, AT LEAST 10 PERCENT
OF THE UNITS IN THE CONDOMINIUM, OR IN THE CASE OF AN
EXPANDING CONDOMINIUM, 10 PERCENT OF THE TOTAL NUMBER OF
UNITS TO BE CONTAINED IN THE CONDOMINIUM AS FULLY EXPANDED,
ARE UNDER A CONTRACT TO BE SOLD IN A BONA FIDE, ARM'S LENGTH
TRANSACTION.; OR

(3) A DEVELOPER OR ITS AFFILIATE ENTERED INTO A
CONTRACT TO PURCHASE THE RESIDENTIAL RENTAL PROPERTY BETWEEN
JANUARY 1, 1980 AND DECEMBER 31, 1980, AND THE DEVELOPER OR
ITS AFFILIATE DOES NOT MEET THE REQUIREMENTS OF PARAGRAPHS
(1) OR (2) OF THIS SUBSECTION. SUCH A DEVELOPER OR ITS
AFFILIATE SHALL COMPLY WITH §§ 11-136 AND 11-137.

SECTION 2. AND BE IT FURTHER ENACTED, That any person
who claims to have complied with Section ll-142(f) as
amended by this Act shall state that claim by filing within
90 days of the effective date of this Act on or before June

 

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Session Laws, 1982
Volume 742, Page 7   View pdf image
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