Residential Real Property - Tenants' Right of First Refusal

SB 606 clarifies tenants' right to first refusal when a landlord sells a rental property. It requires landlords to give tenants 30 days to match a third-party offer if the sale price is at least 10% lower than the tenant's previous offer or if the landlord receives a third-party offer without public sale. Tenants must submit a written offer matching the third-party price within the 30-day window, and landlords must provide specific written notice detailing the offer price and deadlines. The bill also specifies that liability for non-compliance attaches only to the landlord, not the property itself. This applies to residential rental properties in Maryland under amended Section 8-119 of the Maryland Annotated Code.