Maryland Condo Rescission Period: 3 Business Days to Cancel

The Rule

Maryland law (Real Property Article § 11-135) gives condo buyers a 3-business-day right of rescission after signing the contract.

How to Exercise It

1. Prepare written notice: your name, address, contract date, property address, clear statement: "I rescind the contract."
2. Send via certified mail (return receipt) or hand-deliver with signed acknowledgment.
3. Must be postmarked/delivered within 3 business days of contract signing.

No Reason Required

You don't need to justify it. Buyer's remorse is sufficient.

Seller's Obligation

Full refund of all deposits within 10 business days of receiving notice.

Key Nuances

• Applies to new condo purchases from developer (not resale)
• "Business days" = Mon–Fri, excluding state holidays
• Cannot be waived in contract

Act fast. Calendar the deadline the moment you sign.