SENATE BILL 489

File Code: Real Property

Sponsored By:

Senator Della

Entitled:

Real Property - Ground Rents - Prohibition on Creation of Ground Rent Lease

Synopsis:

Prohibiting, on or after October 1, 2006, the creation of a new residential lease or sublease with a 99-year term that is subject to the payment of an annual ground rent.

History by Legislative Date

Senate Action

2/2

First Reading Judicial Proceedings

2/8

Hearing 2/15 at 1:00 p.m.

2/27

Unfavorable Report by Judicial Proceedings

House Action

No Action

Bill indexed under the following Subjects:

LANDLORD AND TENANT -see also- EVICTION; LEASES & RENT; etc.

LEASES AND RENT

REAL PROPERTY

Bill affects the following Statute:

Real Property

( 8-111.2 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered