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2007 Vetoed Bills and Messages
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H.B. 463
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(2) The notice shall be in 14 point, bold font, and contain the following:
(i) The amount of the past due ground rent;
(ii) A statement that unless the past due ground rent is paid
within 30 days, further action will be taken in accordance with § 8-402.2(a) of this
subtitle and § 14-108.1 of this article and the tenant will be liable for the expenses
and fees incurred in connection with the collection of the past due ground rent as
provided in this section.
(3) The holder of the ground rent shall:
(i) Mail the notice by first class mail to the tenant's last known
address as shown in the records of the State Department of Assessments and
Taxation; and
(ii) Obtain a certificate of mailing from the United States Postal
Service.]
8-402.2, 8-402.3.
(A) (1) IN THIS SECTION THE FOLLOWING WORDS HAVE THE
MEANINGS INDICATED.
(2) "GROUND LEASE" MEANS A RESIDENTIAL LEASE OR
SUBLEASE IN EFFECT ON OR AFTER FEBRUARY 5, 2007, THAT HAS AN INITIAL
TERM OF 99 YEARS RENEWABLE FOREVER AND IS SUBJECT TO THE PAYMENT OF
AN ANNUAL GROUND RENT.
(3) "GROUND RENT" MEANS A RENT ISSUING OUT OF, OR
COLLECTIBLE IN CONNECTION WITH, THE REVERSION IN FEE SIMPLE RESERVED
IN A GROUND LEASE.
(4) "LANDLORD" MEANS THE HOLDER OF THE REVERSIONARY
INTEREST UNDER A GROUND LEASE.
(5) "TENANT" MEANS THE HOLDER OF THE LEASEHOLD
INTEREST UNDER A GROUND LEASE.
(2) "GROUND LEASE" MEANS A RESIDENTIAL LEASE OR
SUBLEASE FOR A TERM OF YEARS RENEWABLE FOREVER SUBJECT TO THE
PAYMENT OF A PERIODIC GROUND RENT.
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- 4702 -
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