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Ch. 290
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Martin O'Malley, Governor
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(V) "TENANT" MEANS THE HOLDER OF THE LEASEHOLD
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INTEREST UNDER A GROUND LEASE.
(2) EXCEPT AS PROVIDED IN PARAGRAPH (3) OF THIS
SUBSECTION, IF THERE IS NO DEMAND OR PAYMENT FOR MORE THAN 3
CONSECUTIVE YEARS OF ANY SPECIFIC GROUND RENT RESERVED OUT OF A
PARTICULAR PROPERTY UNDER A GROUND LEASE;
(I) THE GROUND RENT IS EXTINGUISHED AND THE
LANDLORD MAY NOT SET UP ANY CLAIM FOR THE GROUND RENT OR TO THE
REVERSION IN THE PROPERTY OUT OF WHICH THE GROUND RENT ISSUED; AND
THE PROPERTY.
(3) IF THE LANDLORD IS UNDER ANY LEGAL DISABILITY WHEN
THE PERIOD OF 3 YEARS OF NONDEMAND AND NONPAYMENT EXPIRES, THE
LANDLORD HAS 2 YEARS AFTER THE REMOVAL OF THE DISABILITY WITHIN
APRIL 2008.
SUBTITLE 7. REGISTRY OF GROUND LEASES.
8-701.
(A) IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.
(B) "DEPARTMENT" MEANS THE STATE DEPARTMENT OF
ASSESSMENTS AND TAXATION.
(C) "GROUND LEASE" MEANS A RESIDENTIAL LEASE OR SUBLEASE IN
EFFECT ON OR AFTER OCTOBER 1, 2007, THAT HAS AN INITIAL TERM OF 99
YEARS RENEWABLE FOREVER AND IS SUBJECT TO THE PAYMENT OF ANNUAL
GROUND RENT.
(D) "GROUND RENT" MEANS A RENT ISSUING OUT OF, OR COLLECTIBLE
IN CONNECTION WITH, THE REVERSION IN FEE SIMPLE RESERVED IN A GROUND
LEASE.
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- 1875 -
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