Bill > SB606

This bill modifies Maryland's existing law regarding tenants' right of first refusal when a residential rental property is being sold. The bill clarifies that tenants have the right to purchase a property before it can be sold to a third party under specific circumstances, such as when the owner receives an offer that is at least 10% lower than a previous offer to the tenant or when the property is sold without being publicly listed. If a third-party offer is received, the owner must provide written notice to the tenant, delivered via first-class mail or tracked delivery service, detailing the sales price and giving the tenant 30 days to submit a purchase offer. If the tenant offers to purchase the property at the same price as the third-party offer, the owner must accept the tenant's offer. The bill specifically changes the liability provisions to restrict any potential liability for failing to comply with these requirements to the property owner only, ensuring that the property itself cannot be held liable. The law is set to take effect on October 1, 2025, and aims to provide tenants with more protection and opportunity to purchase the properties they currently rent.

Justice, Transportation and Infrastructure

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0606?ys=2025RS