Environmental
Carbon monoxide (CO) detectors are required in Maryland residential properties:
AOnly in homes built after 2010
BOn every level of a dwelling unit containing a fuel-burning appliance or attached garage✓ Correct
COnly in homes with gas heating systems
DOnly in rental properties, not owner-occupied homes
Explanation
Maryland law requires carbon monoxide alarms on every level of a dwelling unit that contains a fuel-burning appliance or has an attached garage.
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Key Terms to Know
Adjustable-Rate Mortgage (ARM)
A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
Gross Rent Multiplier (GRM)A quick valuation metric for income properties calculated by dividing the property price by gross annual rental income.
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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