Section 14-201 - Definitions. - Maryland Statutes

§ 14-201. Definitions.
 

(a)  In general.- In this subtitle the following words have the meanings indicated unless the context requires otherwise. 

(b)  Contract.-  

(1) "Contract" means a real covenant running with the land or a contract recorded among the land records of a county or Baltimore City. 

(2) "Contract" includes a declaration or bylaws recorded under the provisions of the Maryland Condominium Act or the Maryland Real Estate Time-Sharing Act. 

(c)  Damages.-  

(1) "Damages" means unpaid sums due under a contract, plus interest accruing on the unpaid sums due under a contract or as provided by law, including fines levied under the Maryland Condominium Act or the Maryland Real Estate Time-Sharing Act. 

(2) "Damages" does not include consequential or punitive damages. 

(d)  Lien.- "Lien" means a lien created under this subtitle. 

(e)  Party.- "Party" means any person who: 

(1) Is a signatory to a contract; 

(2) Is described in a contract as having the benefit of any provision of the contract; or 

(3) Owns property subject to the provisions of a contract. 

(f)  Statement of lien.- "Statement of lien" means the statement described under § 14-203(j) of this subtitle. 
 

[1985, ch. 736; 1998, ch. 722.]