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Martin O'Malley, Governor
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S.B. 622
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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)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Real Property
3-102.
(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.
(2) The following instruments also may be recorded:
(i) Any notice of deferred property footage assessment for street
construction;
(ii) Any boundary survey plat signed and sealed by a
professional land surveyor or property line surveyor licensed in the State;
(iii) Any assumption agreement by which a person agrees to
assume the liability of a debt or other obligation secured by a mortgage or deed of
trust;
(iv) Any release of personal liability of a borrower or guarantor
under a mortgage or under a note or other obligation secured by a deed of trust; or
(v) A ground rent redemption certificate or a ground rent
extinguishment certificate issued under § 8-110 of this article OR A GROUND LEASE
EXTINGUISHMENT CERTIFICATE ISSUED UNDER § 8-707 8-708 OF THIS
ARTICLE.
(3) The recording of any instrument constitutes constructive notice
from the date of recording.
8-107.
(A) If there is no demand or payment for more than 20 consecutive years of
any specific rent reserved out of a particular property or any part of a particular
property under any form of lease, the rent conclusively is presumed to be extinguished
and the landlord may not set up any claim for the rent or to the reversion in the
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