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Ch. 290
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Martin O'Malley, Governor
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extinguishment of a ground lease if the ground lease is not registered under
certain circumstances; providing for certain considerations and rights if a
ground lease is extinguished under certain circumstances: requiring the
Department to work with the State Archives for certain purposes regarding
ground leases registered under this Act: requiring the Department to credit all
fees collected under this Act to a certain fund; requiring the Department to
adopt regulations to carry out the provisions of this Act; requiring the
Department to publish a certain notice regarding the registration of ground
leases: requiring the Department to report to the General Assembly on or before
certain dates: requiring the Comptroller of the State to report to the General
Assembly on or before a certain date: defining certain terms; providing for the
application of certain provisions of this Act: and generally relating to a registry
of properties subject to ground rents leases.
BY repealing and reenacting, with amendments,
Article - Real Property
Section 3-102(a) and 8-107
Annotated Code of Maryland
(2003 Replacement Volume and 2006 Supplement)
BY adding to
Article - Real Property
Section 8-701 through 8-709 8-711 to be under the new subtitle "Subtitle 7.
Registry of Ground Leases"
Annotated Code of Maryland
(2003 Replacement Volume and 2006 Supplement)
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SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
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Article - Real Property
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3-102.
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(a) (1) Any other instrument affecting property, including any contract for
the grant of property, or any subordination agreement establishing priorities between
interests in property may be recorded.
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The following instruments also may be recorded:
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(2)
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Any notice of deferred property footage assessment for street
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(i)
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construction;
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(ii) Any boundary survey plat signed and sealed by a
professional land surveyor or property line surveyor licensed in the State;
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- 1873 -
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