Maryland § 7-208
Full text of Maryland Maryland Code § 7-208, with citation guidance and answers to common questions.
§ 7-208.
(a) At the settlement for an assisted project under a right of first purchase, the purchaser shall execute and record, in a form that the Secretary approves, a covenant running with the land.
(b) The covenant shall restrict the use of all assisted units to residential rental property for assisted households, or to some other purpose approved by the Secretary, for at least the greatest of:
(1) the remaining term of the mortgage as of the date of its prepayment;
(2) the remaining term of the rental assistance agreement, including all stated renewal terms, as of the date of its termination; and
(3) 20 years.
Frequently Asked Questions About Maryland § 7-208
What does Maryland Code § 7-208 cover?
Section 7-208 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 7-208?
A common citation format is "Maryland Code § 7-208" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 7-208 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.