§ 9-20D-06. Property subject to regulated sustainable energy contract.

   (a) Recordation of contract. -- A property owner may subject property to a regulated sustainable energy contract by recording or authorizing the recordation of the regulated sustainable energy contract among the land records in the county where the property is located.

(b) Duties of buyers and sellers of subject property. --

   (1) Subject to § 9-20D-08 of this subtitle, a person who acquires property subject to a regulated sustainable energy contract, whether by purchase or other means, assumes the obligation to pay the qualified contractor in accordance with the rate and payment schedules in the regulated sustainable energy contract.

   (2) A person selling or transferring a property subject to a regulated sustainable energy contract shall provide written notice to the person acquiring the property that the person acquiring the property shall assume the obligation to pay the qualified contractor in accordance with the rate and payment schedules in the regulated sustainable energy contract.

HISTORY: 2013, ch. 43, § 5; ch. 625.