Maryland Code, REAL PROPERTY 8-704
Terms Used In Maryland Code, REAL PROPERTY 8-704
- Deed: The legal instrument used to transfer title in real property from one person to another.
- 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
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
(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.