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Session Laws, 2007
Volume 803, Page 1856   View pdf image
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Ch. 288
2007 Laws of Maryland
Ground Rents - Notices Regarding Ground Leases on Residential Property FOR the purpose of requiring a leasehold tenant under a certain ground lease to notify
the landlord ground lease holder of any change of address of the leasehold
tenant within a certain time period; altering the method by which a leasehold
tenant is required to give certain notices to a ground lease holder; requiring a
landlord ground lease holder under a certain ground lease to mail to the
leasehold tenant a bill for the payment of ground rent due no later than a
certain amount of time before the payment is due; requiring the bill sent by the
landlord ground lease holder to include a certain notice regarding the ground
lease and the rights and responsibilities of the leasehold tenant under the
ground lease; altering the notice requirements contained in a contract for the
sale of real property that is subject to a certain ground rent to include a certain
notice regarding the ground lease and the rights and responsibilities of the
leasehold tenant under the ground lease; defining certain terms; providing for
the application of the provisions of this Act: making stylistic changes; and
generally relating to notices regarding ground leases on residential property. BY repealing and reenacting, with amendments,
Article - Real Property
Section 14-116 and 14-117(a)
Annotated Code of Maryland
(2003 Replacement Volume and 2006 Supplement) BY adding to Article - Real Property Section 14-116.1 Annotated Code of Maryland (2003 Replacement Volume and 2006 Supplement) SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows: Article - Real Property 14-116. (A) (1) IN THIS SECTION THE FOLLOWING WORDS HAVE THE MEANINGS INDICATED. (2) "GROUND LEASE" MEANS A RESIDENTIAL LEASE OR
TERM OF 99 YEARS RENEWABLE FOREVER AND IS SUBJECT TO THE PAYMENT OF
AN ANNUAL GROUND RENT.
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Session Laws, 2007
Volume 803, Page 1856   View pdf image
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