Selling a rental property comes with some legal obligations toward your tenants — here’s the general shape of them in Maryland.

Notice requirements

Tenants generally need to be notified of a change in ownership, and depending on lease terms, may have specific rights regarding continued occupancy.

Leases typically survive a sale

In most cases, a new owner inherits the existing lease as-is — they can’t simply void it because ownership changed hands.

Security deposits transfer too

Any security deposit held generally needs to be transferred to the new owner or properly returned, depending on how the sale is structured.

A real estate attorney can confirm the specifics for your lease and situation — and we’re glad to work within whatever those requirements are.