Code of Maryland Regulations
Title 14 - INDEPENDENT AGENCIES
Subtitle 21 - MARYLAND FOOD CENTER AUTHORITY
Chapter 14.21.06 - Sale or Lease of Real Property
Section 14.21.06.04 - Evaluation of Prospective Tenant or Purchaser
Universal Citation: MD Code Reg 14.21.06.04
Current through Register Vol. 51, No. 6, March 22, 2024
A. The Authority may require a potential tenant or purchaser of an interest in real property to provide the Authority with information relating to the potential tenant or purchaser's experience and financial stability, including but not limited to, audited financial statements, bank statements, and tax returns.
B. If two or more potential tenants or purchasers seek a particular property which the Authority has available for sale or lease, the Authority may evaluate and determine, in its sole discretion, which transaction will be in the best interest of the Authority, taking into account such factors as:
(1) Which potential tenant or purchaser will afford the greatest opportunity for success;
(2) Which potential tenant or purchaser will have the greatest positive effect on a project of the Authority;
(3) The nature of the product or service the potential tenant or purchaser intends to provide;
(4) The economic return to the Authority; or
(5) Other matters the Authority considers relevant in carrying out its purposes.
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