§ 10-101 Definitions
§ 10-102 Form and delivery of land installment contracts
§ 10-103 Contents of contract; application of payments; payments and mortgage when land sold
§ 10-104 Recordation
§ 10-105 Purchase money mortgage
§ 10-106 Compliance with terms and conditions by purchaser on or before date designated in notice to terminate
§ 10-107 Statement to be furnished by vendor
§ 10-108 Right of purchaser to enforce provisions of subtitle
contract signature

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Terms Used In Maryland Code > REAL PROPERTY > Title 10 > Subtitle 1 - Land Installment Contracts

  • Contract: A legal written agreement that becomes binding when signed.
  • County: means a county of the State or Baltimore City. See
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
  • state: means :

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

    (2) the District of Columbia. See