Property Ownership (alternative)
Maryland's 'Maryland Affordable Housing Land Trust Act' enables:
AGovernment seizure of land for affordable housing
BCreation of community land trusts that retain land ownership while selling or leasing homes to low/moderate income owners✓ Correct
CTax exemption for all rental housing
DMREC oversight of affordable housing transactions
Explanation
Community land trusts (CLTs) in Maryland hold land ownership permanently while enabling homeownership of the structure at below-market prices, keeping housing affordable in perpetuity.
Related Maryland Property Ownership (alternative) Questions
- A Maryland life estate grants the life tenant the right to use the property for:
- Maryland property owners who use their home as a principal residence may qualify for the:
- A Maryland property owner who becomes mentally incapacitated cannot legally convey property unless:
- The 'bundle of rights' in Maryland real property includes the rights to:
- In Maryland, property owned in 'fee simple subject to a condition subsequent' reverts to the grantor (or heirs) only if:
- In Maryland, a 'tenancy at will' can be terminated by either party with:
- In Maryland, a 'long-term ground lease' for land typically runs for:
- In Maryland, a 'pur autre vie' life estate is measured by:
Practice More Maryland Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maryland Quiz →