What Maryland’s HB 693 Means for Landlords

Thinking of selling your rental property in Maryland?
Starting October 1, 2024, new rules under Maryland’s HB 693 give tenants more rights—including the chance to purchase the property before it hits the open market. If you’re a landlord of a 1–3 unit property, it’s important to understand how the new Tenant Opportunity to Purchase Act (TOPA) affects your responsibilities. In this post, I’ll break down exactly what you need to do, when to do it, and how to stay compliant—step by step.