Environmental (alternative)
A Maryland property's stormwater management pond is typically:
AA selling point that adds significant value
BA maintenance obligation for the HOA or property owner and may require permits from MDE✓ Correct
COwned and maintained by the county automatically
DSubject to Critical Area regulations only if within 1,000 feet of tidal water
Explanation
Stormwater management ponds require ongoing maintenance by the responsible party (often an HOA or property owner) and must comply with MDE permits and standards.
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Key Terms to Know
Option Contract
A contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
Right of First RefusalA contractual right giving a party the opportunity to match any offer received before the owner can accept it from a third party.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
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