Maryland Real Estate Solar Panel Disclosures

This addendum contains impoltant information about the solar energy system installed in your homb and the solar lease including information fi om third patties about residential solar. Maryland relay 800 735 2258. Code 10 702 requires sellers of residential real estate to complete a form known as the residential property disclosure and disclaimer statement setting forth conditions and defects with the property.

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Please read this disclosure carefully before signing.

Maryland real estate solar panel disclosures. Real estate disclosure law in maryland. Most solar panel companies however will record documentation showing that the solar panels are subject to a lease or to a loan e g a ucc 1 financing statement. Sutherland a real estate lawyer in california provided his best advice when considering how leased solar panels impact your listing agreement purchase agreement counter offers and mls. The listing agent should confirm the existence of any solar equipment with the seller and inquire if the equipment is owned.

This disclosure is not effective unless signed by the seller. The seller s acknowledge having carefully examined this statement and further acknowledge that they have been informed of their rights and obligations under 10 702 of the maryland real property article. Preston st baltimore md 21201 2395. Except as otherwise provided in the real estate contract of sale.

Your title insurance policy showed no such recording and if accurate you own the solar panels free and clear. The relevant portion of the real property section of maryland s code md. Maryland residential property disclosure and disclaimer statement. Outside the baltimore metro area 888 246 5941.