ESTATE: The Property is being conveyed: ______ in fee simple or ______ subject to an annual ground rent, now existing, in the amount of. Get a comprehensive understanding of Maryland real estate purchase and sale agreements with our indepth overview and free template.A Maryland residential purchase agreement is a contract that binds a buyer and a seller for the sale and transfer of real estate. A Maryland land contract details the terms that govern the sale of vacant land between two parties. It contains transactional conditions. A Maryland purchase agreement records the negotiated terms of a real estate transaction. The buyer or seller can use this form to make an offer.