Section 8-704 - Registration of ground lease. - Maryland Statutes

§ 8-704. Registration of ground lease.
 

(a)  Requirement of registration.- A ground lease holder shall register a ground lease with the Department by submitting: 

(1) A registration form that the Department requires; and 

(2) The registration fee for each ground lease as provided under subsection (c) of this section. 

(b)  Form; contents.- The registration form shall include: 

(1) The premise address and tax identification number of the property for which the ground lease was created; 

(2) The name and address of the ground lease holder; 

(3) The name and address of the leasehold tenant; 

(4) The name and address of the person to whom the ground rent payment is sent; 

(5) The amount and payment dates of the ground rent installments; 

(6) To the best of the ground lease holder's knowledge, a statement of the range of years in which the ground lease was created; and 

(7) The liber and folio information for the current ground rent deed of record. 

(c)  Fee.- The registration fee for a ground lease per ground lease holder is: 

(1) $10 for the first ground lease; and 

(2) For each additional ground lease: 

(i) $3 before October 1, 2008; 

(ii) $4 on or after October 1, 2008 and before October 1, 2009; and 

(iii) $5 on or after October 1, 2009. 
 

[2007, ch. 290.]