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§ 8-704. Registration of ground lease

MD Real Prop Code § 8-704 (2019) (N/A)
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(a)    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 (d) of this section.

(b)    The registration form shall include:

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

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

(ii)    A section that provides the ground lease holder the option to include the ground lease holder’s telephone number and e–mail address;

(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)    The reporting form for changes or corrections to a ground lease registration shall include a section that provides the ground lease holder the option to include the ground lease holder’s telephone number and e–mail address.

(d)    The registration fee for a ground lease per ground lease holder is:

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

(2)    $5 for each additional ground lease.

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§ 8-704. Registration of ground lease