If there is a change of tenant after the landlord has communicated the offer to sell, the new tenant is entitled to notice and the right to enter into a contract as a third party (§ 6-6 (b)). As a rule, the owner sends the tenant a written offer of sale, indicating the sale price as well as the conditions of sale agreed between the owner and a third party. The landlord must send the notice with first-class stamped mail, and in Baltimore City, the landlord must receive a receipt of mail (i.e., a postal certificate) indicating that the notice has been sent. At the same time, for the City of Baltimore, the landlord must also send a copy of the offer to the Baltimore Department of Housing and Community Development. This rule means that before a landlord decides to sell a currently rented property in Baltimore City, they must first make an offer to the current tenant at an economically reasonable price. The tenant must have the opportunity to enter into an agreement with the owner of the property before it is listed or sold to someone else. The tenant`s right of first refusal only applies to apartment tenants, so commercial landlords don`t have to worry about following it. There are several exceptions to the obligation to offer a right of first refusal. Code §6-7.
This includes transfers from the landlord to spouses, children and certain other family members; transfers made by will or inheritance; and transfers resulting from seizure or an act instead of a seizure. If a property is registered with a “bona fide licensed real estate agent” and the tenant is notified in writing, the transaction is also excluded. Code §6-7(11). CONDITIONS OF PURCHASE: In the event that the seller chooses to sell and the buyer wishes to exercise its pre-emptive rights granted under this contract, the conditions of purchase will be as follows: If the 30-day period in Baltimore City has expired and the owner enters into an agreement lower than the initial offer to the tenant (or otherwise more advantageous for the buyer), he must then notify the tenant again and grant him the right of first refusal. The tenant has 15 or 30 days to accept, depending on the time elapsed since the initial offer and the lower amount of the second offer. A tenant is considered to be anyone who currently lives in the property or has lived there in the last six months. Therefore, a previous tenant could be entitled to the right of first refusal if he lives in the property within 6 months. The right of first refusal can be exercised in the following order: The following transfers are allowed without first offering the property to the tenant (articles 6-7): If all the conditions are met and the right of first refusal has not been exercised, the county issues a certificate of conformity to the owner, buyer or any other interested party. in a document that can be entered in land registers. Code § 53A-7.
Before transferring ownership of a single-family home, the landlord must send the tenant first class mail, postage, a written offer of sale indicating the sale price and conditions of sale; the shipper must also receive a receipt from the post office for shipment (section 6-4(a)(1)). If the tenant decides to accept the offer, he must respond with postmark and obtain a receipt from the post office within 30 days of the date of sending the offer by first class mail (§§ 6-4 a)(1) and (3)). If the tenant plans to use a federal, state or municipal program to finance or insure the purchase, the tenant must specify the program in their notice to the landlord (section 6-4(a)(3)). The landlord cannot reject the contract with the tenant on the grounds that the tenant is proposing to use a government program to support the funding (section 6-5(d)). A tenant can sue their tenant for an injunction to enforce their sales law. The tenant`s right of first refusal in the City of Baltimore means that before selling a Baltimore City property to someone other than the tenant, a landlord must make an offer to the tenant on commercially reasonable terms. In other words, the tenant must first have the opportunity to buy the property. You are not if you do it well. This law requires that contracts with third parties include a contingency in relation to the tenant`s right of first refusal.
This possibility allows the landlord to terminate the contract CONSIDERING that the buyer wishes to obtain a right of first refusal or a first option to purchase certain properties belonging to the seller; and often this concept appears in real estate transactions where the seller grants a particular party the right to buy a property before someone else can. Many leases between tenants and landlords contain a right of first refusal clause. However, in the City of Baltimore and the City of Takoma Park, a tenant`s right of first refusal is set out in the legal books set forth in Section 13(6) of the Baltimore City Code and Chapter 6.32 of the Takoma Park City Code. Code § 6-4 (a) (1) stipulates that a written offer of sale from the landlord must be submitted to the tenant by first class mail. The offer must indicate the proposed sale price and contain the proposed conditions to be included in a sales contract. The tenant has 30 days from the date of shipment to express his willingness to purchase the property in the manner prescribed by code § 6-4 (a). RIGHT OF ENTRY: After informing the seller of his wish to sell and exercising his preventive refusal by the buyer, the buyer has the right to enter the property for the purpose of carrying out soil studies, engineering studies and surveys….
