Terms Used In Maryland Code, COMMERCIAL LAW 14-2006

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • state: means :

    (1) a state, possession, territory, or commonwealth of the United States; or

    (2) the District of Columbia. See
(a) (1) This subtitle applies only to the lease of a motor vehicle where the lessee has signed or been offered the lease in this State.

(2) This subtitle does not apply to a fleet lease of 5 or more motor vehicles.

(b) A lessor, manufacturer, factory branch, distributor, or dealer may not exclude or limit the operation of this subtitle.