Two Weeks to Comment on Prince George's Right of First Refusal Regulations
If you ever plan to buy or sell multifamily rental housing in Prince George’s County you must read this.
The Prince George’s County Department of Housing and Community Development (DHCD) is offering interested parties until Monday, Jan. 27 at 4:00 p.m. to offer comments on regulations issued to implement CB-27-2013, the County’s Right of First Refusal (ROFR) law. The regulations may be viewed on the agency’s website. See the law as a point of reference. We strongly urge members with property in Prince George’s County and their attorneys to review these regulations, which would add new layers of burdens to a law that significantly impairs property owners’ rights in the County and has already delayed pending sales.
AOBA will offer comments to the County objecting to many aspects of the regulations. We urge you to file comments with DHCD Director Eric Brown by email at email@example.com or by mail to Eric C. Brown, Director, Prince George’s County Department of Housing and Community Development, 9200 Basil Court, Suite 500, Largo, MD 20774. Please copy Ron Wineholt on your comments and feel free to share questions or suggestions in advance. You should also copy your views to County Executive Rushern Baker at firstname.lastname@example.org or by mail at 14741 Governor Oden Bowie Drive, Upper Marlboro, MD 20772.
Recall that CB-27-2013 was enacted last July and was effective September 23. However, the law stated that the right of first refusal provisions would only be applicable after the Council adopts a resolution specifying areas of the County in which the ROFR would be effective. Meanwhile parts of the law are currently in effect requiring notice to tenants and DHCD within 5 days of signing a sales contract on multifamily rental housing. The regulations as proposed are not consistent with the law in many respects and unduly burden the right of a property owner to sell their property. Contact Ron Wineholt for further details at email@example.com.