Maryland Code, REAL PROPERTY 8-703
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Terms Used In Maryland Code, REAL PROPERTY 8-703
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
(a) (1) The Department shall maintain an online registry of all properties that are subject to ground leases.
(2) The online registry shall:
(i) Identify properties for which a renewal notice to preserve the irredeemability of an irredeemable ground lease has been filed; and
(ii) Include a clear notation of the expiration date for each renewal notice.
(b) The Department is not responsible for the completeness or accuracy of the contents of the online registry.