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

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Statutes > Maryland > Real-property > Title-8 > Subtitle-7 > 8-704

§ 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.]

State Codes and Statutes

Statutes > Maryland > Real-property > Title-8 > Subtitle-7 > 8-704

§ 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.]

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State Codes and Statutes

Statutes > Maryland > Real-property > Title-8 > Subtitle-7 > 8-704

§ 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.]