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Ch. 289
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Martin O'Malley, Governor
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TERM OF 99 YEARS RENEWABLE FOREVER AND IS SUBJECT TO THE PAYMENT OF
AN ANNUAL GROUND RENT.
(3) "GROUND RENT" MEANS A RENT ISSUING OUT OF, OR
COLLECTIBLE IN CONNECTION WITH, THE REVERSION IN FEE SIMPLE RESERVED
IN A GROUND LEASE.
collectible in connection with, the reversion in fee simple reserved
(4) "LANDLORD" MEANS THE HOLDER OF THE REVERSIONARY
INTEREST UNDER A GROUND LEASE.
(5) "TENANT" MEANS THE HOLDER OF THE LEASEHOLD
INTEREST UNDER A GROUND LEASE.
(A) (1) IN THIS SECTION THE FOLLOWING WORDS HAVE THE
MEANINGS INDICATED.
(2) "GROUND LEASE" MEANS A RESIDENTIAL LEASE OR
SUBLEASE FOR A TERM OF YEARS RENEWABLE FOREVER SUBJECT TO THE
PAYMENT OF A PERIODIC GROUND RENT.
(3) (I) "GROUND LEASE HOLDER" MEANS THE HOLDER OF THE
REVERSIONARY INTEREST UNDER A GROUND LEASE.
(II) "GROUND LEASE HOLDER" INCLUDES AN AGENT OF THE
GROUND LEASE HOLDER.
(4) "GROUND RENT" MEANS A RENT ISSUING OUT OF, OR
COLLECTIBLE IN CONNECTION WITH, THE REVERSIONARY INTEREST UNDER A
GROUND LEASE.
(5) "LEASEHOLD INTEREST" MEANS THE TENANCY IN REAL
PROPERTY CREATED UNDER A GROUND LEASE.
(6) "LEASEHOLD TENANT" MEANS THE HOLDER OF THE
LEASEHOLD INTEREST UNDER A GROUND LEASE.
(B) (1) THIS SECTION APPLIES TO RESIDENTIAL PROPERTY THAT
WAS OR IS USED, INTENDED TO BE USED, OR AUTHORIZED TO BE USED FOR
FOUR OR FEWER DWELLING UNITS.
(2) THIS SECTION DOES NOT APPLY TO PROPERTY:
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- 1867 -
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