Requiring a redeemable ground rent to be redeemed when the property subject to the ground rent is transferred or the leasehold tenant obtains or refinances a loan on the property; requiring the transferee or borrower to request a redemption statement from the ground lease holder if the ground lease is registered with the State Department of Assessments and Taxation; requiring the ground lease holder to send a redemption statement containing specified information within 60 days after receiving a request; etc.
Bill File Type: Regular
Effective Date(s): October 1, 2016
|Date Posted||Document Name|
|2/18/2016||Text - First - Real Property - Redeemable Ground Rents - Required Redemption|
( 8-804 )
Last Updated: 2/3/2020 2:29 PM