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The Maryland Land Contract Addendum form serves as a crucial supplement to the Maryland Association of REALTORS® Residential Contract of Sale, ensuring that both buyers and sellers are fully informed about the various aspects of their real estate transaction. This addendum outlines essential legal requirements, emphasizing that any contract for the sale of real property must be in writing to be enforceable. It also highlights the importance of understanding zoning laws and potential restrictions on property use, which can significantly impact a buyer’s intended plans. Settlement procedures are clearly defined, detailing the necessary presence of all parties involved, required documentation, and potential costs associated with closing the sale. Furthermore, the addendum addresses specific issues like ground rent, rental regulations, and the implications of environmental factors such as wetlands, hazardous materials, and lead paint. Buyers are advised to seek legal counsel and conduct thorough inspections to safeguard their interests. Additionally, the form incorporates vital information regarding homeowners associations, insurance requirements, and the availability of warranties, ensuring that all parties are aware of their rights and responsibilities throughout the transaction process. With its comprehensive nature, the Maryland Land Contract Addendum form plays a pivotal role in facilitating smooth and informed real estate dealings in the state.
Maryland Land Contract Addendum Preview
UNIMPROVED LAND CONTRACT ADDENDUM
ADDENDUM dated _________________________________________________ to Contract of Sale
between Buyer ____________________________________________________________________
and Seller ________________________________________________________________________
for Property known as ______________________________________________________________.
The following provisions are included in and supersede any conflicting language in Maryland REALTORS® Unimproved Land Contract of Sale (the Contract).
Only those paragraphs 1 - 11 initialed by both Buyer and Seller shall apply to this Unimproved Land Contract Addendum.
1. SURVEY BY A LICENSED SURVEYOR:
Boundary Survey |
Site Improvement Survey |
Property Corners located and marked |
•Survey to be ordered by 
Buyer 
Seller.
•Survey to be completed, and results delivered to Buyer (if ordered by Seller) within
___________________ ( ____) days from the Date of Contract Acceptance.
• Cost of survey to be paid by |
Buyer |
Seller or |
as follows: |
________________________________________________________________________
2.BUYER AND SELLER TO PHYSICALLY INSPECT THE PROPERTY BOUNDARIES TOGETHER ON OR BEFORE _____________________________________________. (Date)
3.OTHER BOUNDARY REVIEW AS INDICATED:
___________________________________________________________________________.
Regarding paragraphs 1, 2 and 3 (if initialed), in the event the Buyer is dissatisfied with the results of the survey or boundary review, Buyer may terminate the Contract by delivery of written notice to Seller within __________________ (____) days from the Date of Contract
Acceptance, and all Deposit(s) shall be disbursed in accordance with the Deposit(s) paragraph of the Contract.
4.PRICE ADJUSTMENT: In the event a boundary survey performed by a licensed surveyor shows the total acreage to be conveyed is more or less than the size indicated in the Contract, the Contract price shall be adjusted as follows:
•If size is in excess of ___________________( 
ac./
sq. ft.), price shall be increased by $ __________________ per (
ac./
sq. ft.) prorated over the excess amount.
•If size is less than _____________________ (
ac./ 
sq. ft.) price shall be decreased by $ __________________ per (
ac./ 
sq. ft) prorated over the difference.
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5.SIZE OF PROPERTY IS A MATERIAL CONSIDERATION IN THIS CONTRACT: In the event a survey by a licensed surveyor indicates the size of the property to be conveyed is less
than _________ ( |
ac./ sq. ft.) Buyer may terminate the Contract by delivery of written |
notice to Seller within ______________ (___) days from the Date of Contract Acceptance, and
all Deposit(s) shall be disbursed in accordance with the Deposit(s) paragraph of the Contract.
6.SUITABILITY/FEASIBILITY FOR BUYER’S PURPOSE: Buyer will secure, at Buyer’s expense and risk, satisfactory feasibility studies to determine whether the Property is acceptable for Buyer’s intended use as _____________________________ (type of use). In the event Buyer, in Buyer’s sole discretion, determines the contemplated use is not feasible, Buyer may terminate the Contract by delivery of written notice to Seller within ____________
(____) days from the Date of Contract Acceptance, and all Deposit(s) shall be disbursed in accordance with the Deposit(s) paragraph of the Contract.
7.PERMITS: Buyer will obtain (or determine Buyer can obtain) all permits required for Buyer’s intended use as ____________________________________ (type of use). The cost to obtain all necessary permits shall be the expense of Buyer. If permits cannot be obtained, Buyer may terminate the Contract by delivery of written notice to Seller within _____________
(____) days from the Date of Contract Acceptance, and all Deposit(s) shall be disbursed in accordance with the Deposit(s) paragraph of the Contract.
8.ENVIRONMENTAL INSPECTION: Buyer will obtain, at Buyer’s expense and risk, an inspection of the property by a qualified expert selected by Buyer. Such inspection(s) may include, but are not limited to, the existence and integrity of underground oil/gasoline tanks and the presence of hazardous materials. In the event Buyer, in Buyer’s sole discretion, determines the inspection report is not satisfactory, Buyer may terminate the Contract by delivery of written notice to the Seller within __________________(days) from the Date of Contract Acceptance, and all Deposit(s) shall be disbursed in accordance with the Deposit(s) paragraph of the Contract.
9.PROOF OF VALID PERCOLATION TEST: Seller shall provide Buyer written evidence of a valid percolation test satisfactory to Buyer from the appropriate governmental authority within
_____________ (____) days from the Date of Contract Acceptance. Should Buyer not receive such evidence, Buyer may terminate the Contract by delivery of written notice to Seller within
_____________ (____) days from the Date of Contract Acceptance, and all Deposit(s) shall be disbursed in accordance with the Deposit(s) paragraph of the Contract.
10.PERCOLATION TEST: A valid percolation test, satisfactory to Buyer, shall be obtained at a location satisfactory to Buyer within ____________ (___) days from the Date of Contract Acceptance from the appropriate governmental authority. Should test results be unsatisfactory to Buyer, Buyer may terminate the Contract by delivery of written notice to Seller within
______________ (____) days from the Date of Contract Acceptance, and all Deposit(s) shall be disbursed in accordance with the Deposit(s) paragraph of the Contract.
• |
Percolation test to be ordered by: |
Buyer or |
Seller |
• |
Percolation test to be paid by: |
Buyer or |
Seller |
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Unimproved Land Contract Addendum
11.WELL DRILLING: A well shall be drilled on the property at a location acceptable to Buyer within _____________(____) days from the Date of Contract Acceptance. The well shall meet all requirements of appropriate governmental authorities in regard to location, depth, water yield, and water quality.
• |
Well Drilling to be ordered by: |
Buyer or |
Seller |
• |
Cost of well permits, drilling, and testing to be paid by: |
Buyer or |
Seller or |
as follows: ________________________________________________________
•Total cost of well not to exceed $ _____________________________________
If well is drilled but does not meet appropriate governmental authorities’ standards, or if the cost of drilling an acceptable well is estimated to exceed the total cost specified above, any incomplete well shall be capped at the expense of the party paying for well drilling, and either Buyer or Seller may terminate the Contract by delivery of written notice to the other party within
_________________(____) days from the Date of Contract Acceptance, and all Deposit(s)
shall be disbursed in accordance with the Deposit(s) paragraph of the Contract.
12.BUYER MAY BE REIMBURSED FOR COSTS: If Seller is unable to convey title in accordance with terms of the Contract without fault of Buyer, Seller shall promptly reimburse Buyer for any costs incurred by Buyer in Paragraphs 1 through 11 above, upon being furnished by Buyer with receipts for the actual payment of such costs. Reimbursement liability on the part of the Seller shall not exceed $_____________________.
13.RESTORATION OF PROPERTY: In the event Buyer i) defaults under the terms and conditions of this Agreement OR ii) terminates this Contract as herein provided, Buyer shall, at Buyer’s sole cost and expense, restore the Property to its original condition and shall remove all debris and grade and
All other terms and conditions of the Contract of Sale remain in full force and effect.
__________________________________________ |
__________________________________________ |
||
Buyer Signature |
Date |
Seller Signature |
Date |
__________________________________________ |
_________________________________________ |
||
Buyer Signature |
Date |
Seller Signature |
Date |
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Copyright 2023 Maryland REALTORS®. For use by REALTOR® members of Maryland REALTORS® only. Except as negotiated by the parties to the Contract, this form may not be altered or modified in any form without the prior express written consent of Maryland REALTORS®.
Form Attributes
| Fact Name | Details |
|---|---|
| Legal Requirement | In Maryland, a contract for the sale of real property must be in writing to be enforceable. |
| Intended Use | The contract is designed specifically for single-family residences or unimproved residential property. |
| Settlement Presence | All parties involved in the title must be present at settlement and provide proper identification. |
| Ground Rent Disclosure | Sellers must disclose any existing ground rent through an appropriate addendum if applicable. |
| Rental Registration | Properties intended for rental may require registration with local government and may incur fees. |
| Equal Housing Opportunity | All parties must be treated fairly without discrimination based on protected classifications under Fair Housing Laws. |
| Homeowners Associations | Sellers must disclose if the property is subject to mandatory fees under the Maryland Home Owners Association Act. |
| Wetlands Consideration | Approval from various agencies may be needed if the property has wetlands or waterways before construction. |
| Radon Awareness | High levels of radon may be present in some areas; testing is advised to ensure safety. |
| Lead Paint Disclosure | Homes built before 1978 may contain lead paint, and sellers must disclose this potential hazard. |
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