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Ch. 290
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2007 Laws of Maryland
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(B) IF A LANDLORD GROUND LEASE HOLDER IS UNDER A LEGAL
DISABILITY AT THE EXPIRATION OF THE REGISTRATION PERIOD UNDER
SUBSECTION (A) OF THIS SECTION, THE LANDLORD GROUND LEASE HOLDER
HAS 2 YEARS AFTER THE REMOVAL OF THE DISABILITY TO APPLY TO REGISTER
THE GROUND LEASE.
8-707. 8-708.
(A) IF A LANDLORD GROUND LEASE HOLDER DOES NOT SATISFY THE
REQUIREMENTS OF § 8-706 8-707 OF THIS SUBTITLE, THE REVERSIONARY
INTEREST OF THE LANDLORD GROUND LEASE HOLDER UNDER THE GROUND
LEASE IS EXTINGUISHED AND GROUND RENT IS NO LONGER PAYABLE TO THE
LANDLORD GROUND LEASE HOLDER.
(B) IF A GROUND LEASE IS EXTINGUISHED UNDER THIS SECTION, ON
APPLICATION OF A LEASEHOLD TENANT, THE DEPARTMENT SHALL ISSUE TO
THE LEASEHOLD TENANT A GROUND LEASE EXTINGUISHMENT CERTIFICATE.
(C) THE EXTINGUISHMENT OF THE GROUND LEASE IS EFFECTIVE TO
CONCLUSIVELY VEST A FEE SIMPLE TITLE IN THE LEASEHOLD TENANT, FREE
AND CLEAR OF ANY AND ALL RIGHT, TITLE, OR INTEREST OF THE LANDLORD
GROUND LEASE HOLDER, ANY LIEN OF A CREDITOR OF THE LANDLORD GROUND
LEASE HOLDER, AND ANY PERSON CLAIMING BY, THROUGH, OR UNDER THE
LANDLORD GROUND LEASE HOLDER WHEN THE LEASEHOLD TENANT RECORDS
THE CERTIFICATE IN THE LAND RECORDS OF THE COUNTY IN WHICH THE
PROPERTY IS LOCATED.
(D) TO THE EXTENT THAT THE EXTINGUISHMENT OF A GROUND LEASE
UNDER THIS SECTION CREATES INCOME FOR THE LEASEHOLD TENANT, THAT
INCOME MAY NOT BE CONSIDERED IN THE CALCULATION OF INCOME FOR THE
PURPOSES OF DETERMINING ELIGIBILITY FOR ANY STATE OR LOCAL PROGRAM.
(E) IF THE LEGAL DISABILITY OF A GROUND LEASE HOLDER IS
REMOVED AFTER A GROUND LEASE IS EXTINGUISHED UNDER THIS SECTION:
(1) IF THE GROUND LEASE EXTINGUISHMENT CERTIFICATE HAS
BEEN RECORDED, THE GROUND LEASE HOLDER:
(I) IS ENTITLED TO RECEIVE FROM THE FORMER
LEASEHOLD TENANT THE REDEMPTION VALUE OF THE GROUND LEASE; AND
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- 1880 -
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