Section 14-116 - Notice of change of address and transfer of improvements on property subject to ground rent. - Maryland Statutes

§ 14-116. Notice of change of address and transfer of improvements on property subject to ground rent.
 

(a)  Definitions.-  

(1) In this section the following words have the meanings indicated. 

(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. 

(3) (i) "Ground lease holder" means the holder of the reversionary interest under a ground lease. 

(ii) "Ground lease holder" includes an agent of the ground lease holder. 

(4) "Ground rent" means a rent issuing out of, or collectible in connection with, the reversionary interest under a ground lease. 

(5) "Leasehold interest" means the tenancy in real property created under a ground lease. 

(6) "Leasehold tenant" means the holder of the leasehold interest under a ground lease. 

(b)  Applicability.-  

(1) This section applies to residential property that was or is used, intended to be used, or authorized to be used for four or fewer dwelling units. 

(2) This section does not apply to property: 

(i) Leased for business, commercial, manufacturing, mercantile, or industrial purposes, or any other purpose that is not primarily residential; 

(ii) Improved or to be improved by any apartment, condominium, cooperative, or other building for multifamily use of greater than four dwelling units; or 

(iii) Leased for dwellings or mobile homes that are erected or placed in a mobile home development or mobile home park. 

(c)  Change of address.- Within 30 days of any change of address of a leasehold tenant, the leasehold tenant shall notify the ground lease holder of the change, including the new address and the date of the change. 

(d)  Transfer of improvements.- Within 30 days of any transfer of improvements located on property subject to a ground rent, the leasehold tenant shall notify the ground lease holder of the transfer. The notification shall include the name and address of the transferee, and date of transfer. 

(e)  Last known address.- A leasehold tenant shall send notice under this section to the last known address of the ground lease holder. 
 

[1977, ch. 317; 1983, ch. 563; 2007, chs. 288, 289.]