HB1257 (CH0787)

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2018 Regular Session



Residential Leases - Lease Option Agreements - Required Statements

Sponsored by:

Delegate Rosenberg


Approved by the Governor - Chapter 787

Synopsis:Requiring a lease option agreement to purchase improved residential property, if executed on or after July 1, 2018, to state in capital letters and in close proximity to the tenant's signature that the agreement is an integral part of the lease and is governed by Title 8 of the Real Property Article and a tenant or prospective tenant shall have all applicable rights and remedies provided under that title.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Delegate Rosenberg
Additional Facts:Bill File Type: Regular
Effective Date(s): July 1, 2018
Environment and Transportation  View Committee HearingJudicial Proceedings  View Committee Hearing
Broad Subject(s):Real Property
Narrow Subject(s):Contracts -see also- Land Installment Contracts; Procurement
Housing -see also- Apartments; Condos; Mobile & Manuf Homes
Landlord and Tenant -see also- Eviction; Leases & Rent; etc.
Leases and Rent
Real Property
Statutes:Article - Real Property
(1-101, 8-202)

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May 21, 2018 10:42 A.M.