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Martin O'Malley, Governor
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S.B. 623
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Property Article, may be donated to Baltimore City or, at the option of Baltimore City,
to an entity designated by Baltimore City.
(2) Valuation of the donation of a reversionary interest pursuant to
this subsection shall be in accordance with subsection (b) of this section.
[(g)] (F) (1) (i) A tenant who has given the landlord notice in
accordance with subsection (b) of this section may apply to the State Department of
Assessments and Taxation to redeem a ground rent as provided in this subsection.
(ii) When the Mayor and City Council of Baltimore City
condemns property that is subject to an irredeemable ground rent, the City shall
become the tenant of the ground rent and, after giving the landlord notice in
accordance with subsection (b) of this section, may apply to the State Department of
Assessments and Taxation to extinguish the ground rent as provided in this
subsection.
(iii) When the Mayor and City Council of Baltimore City
condemns abandoned or distressed property that is subject to a redeemable ground
rent, the City shall become the tenant of the ground rent and, after giving the landlord
notice in accordance with subsection (b) of this section, may apply to the State
Department of Assessments and Taxation to redeem the ground rent as provided in
this subsection.
(2) The tenant shall provide to the State Department of Assessments
and Taxation:
(i) Documentation satisfactory to the Department of the lease
and the notice given to the landlord; and
(ii) Payment of a $20 fee, and any expediting fee required under
§ 1-203 of the Corporations and Associations Article.
(3) (i) On receipt of the items stated in paragraph (2) of this
subsection, the Department shall post notice on its website that application has been
made to redeem or extinguish the ground rent.
(ii) The notice shall remain posted for at least 90 days.
(4) Except as provided in paragraph (5) of this subsection, no earlier
than 90 days after the application has been posted as provided in paragraph (3) of this
subsection, a tenant seeking to redeem a ground rent shall provide to the Department:
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- 4367 -
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