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Ch. 287
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2007 Laws of Maryland
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(V) THE RECORDING REFERENCE OF EVERY LEASEHOLD
OWNER'S TENANT'S LEASEHOLD DEED, AS OF THE TIME THE NOTICE IS FILED,
ACCORDING TO THE LAND RECORDS OR THE RECORDS OF THE STATE
DEPARTMENT OF ASSESSMENTS AND TAXATION;
(VI) THE RECORDING REFERENCE OF EVERY
IRREDEEMABLE GROUND RENT OWNER'S RENT GROUND LEASE HOLDER'S DEED;
AND
(VII) THE BLOCK NUMBER FOR THE LEASEHOLD ESTATE
INTEREST IF THE PROPERTY IS LOCATED IN BALTIMORE CITY.
(2) (I) A NOTICE THAT SUBSTANTIALLY MEETS THE
REQUIREMENTS OF THIS SECTION SHALL BE ACCEPTED FOR RECORDING
AMONG THE LAND RECORDS ON PAYMENT OF THE SAME FEES AS ARE CHARGED
FOR THE RECORDING OF DEEDS.
(II) THE FILING OF A NOTICE IS EXEMPT FROM THE
IMPOSITION OF A STATE OR LOCAL EXCISE TAX.
(3) THE NOTICE SHALL BE INDEXED AS "NOTICE OF INTENTION
TO PRESERVE IRREDEEMABILITY":
(I) IN THE GRANTEE INDICES OF DEEDS UNDER THE NAME
OF EVERY OWNER OF THE IRREDEEMABLE GROUND RENT GROUND LEASE
HOLDER OF AN IRREDEEMABLE GROUND RENT;
(II) IN THE GRANTOR INDICES OF DEEDS UNDER THE NAME
OF EVERY OWNER OF THE LEASEHOLD ESTATE TENANT AS OF THE TIME THE
NOTICE IS FILED ACCORDING TO THE LAND RECORDS OR THE RECORDS OF THE
STATE DEPARTMENT OF ASSESSMENTS AND TAXATION; AND
(III) IN THE BLOCK INDEX IN BALTIMORE CITY.
(E)(F) (1) TO PRESERVE THE IRREDEEMABILITY OF AN
IRREDEEMABLE GROUND RENT, A NOTICE OF INTENTION TO PRESERVE SHALL
BE RECORDED ON OR BEFORE DECEMBER 31, 2010.
(2) IF A NOTICE OF INTENTION TO PRESERVE IS NOT RECORDED
ON OR BEFORE DECEMBER 31, 2010, THE GROUND RENT BECOMES A
REDEEMABLE GROUND RENT.
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- 1854 -
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![clear space](../../../images/clear.gif) |