Volume 739, Page 1137 View pdf image |
HARRY HUGHES, Governor 1137 (Senate Bill 182) AN ACT concerning Real Property - Ground Rent Disclosure FOR the purpose of requiring certain disclosures by the BY adding to Article - Real Property Section 14-117 Annotated Code of Maryland (1974 Volume and 1979 Supplement) SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF Article - Real Property 14-117. (A) IN THIS SECTION, "LEASEHOLDER" MEANS A PERSON WHO (B) AT THE TIME OF SETTLEMENT ON PROPERTY THAT IS (1) OF THE GROUND RENT INTEREST; AND (2) THAT THE EFFECT OF NONPAYMENT OF THE GROUND (1) NOTICE OF THE EXISTENCE OF THE GROUND RENT; (2) NOTICE THAT IF THE GROUND RENT IS NOT TIMELY (I) THAT THE HOLDER REVERSIONARY OWNER OF (II) AS A RESULT OF THE EJECTMENT ACTION, |
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Volume 739, Page 1137 View pdf image |
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