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§ 8-701. Definitions

West's Annotated Code of MarylandReal PropertyEffective: October 1, 2007

West's Annotated Code of Maryland
Real Property (Refs & Annos)
Title 8. Landlord and Tenant (Refs & Annos)
Subtitle 7. Registry of Ground Leases (Refs & Annos)
Effective: October 1, 2007
MD Code, Real Property, § 8-701
§ 8-701. Definitions
Currentness
In general
(a) In this subtitle the following words have the meanings indicated.
Current ground rent deed of record
(b) “Current ground rent deed of record” means the document that vests title to the reversionary interest in the current ground lease holder.
Department
(c) “Department” means the State Department of Assessments and Taxation.
Ground lease
(d) “Ground lease” means a residential lease or sublease for a term of years renewable forever subject to the payment of a periodic ground rent.
Ground lease holder
(e)(1) “Ground lease holder” means the holder of the reversionary interest under a ground lease.
(2) “Ground lease holder” includes an agent of the ground lease holder.
Ground rent
(f) “Ground rent” means a rent issuing out of, or collectible in connection with, the reversionary interest under a ground lease.
Leasehold interest
(g) “Leasehold interest” means the tenancy in real property created under a ground lease.
Leasehold tenant
(h) “Leasehold tenant” means the holder of the leasehold interest under a ground lease.

Credits

Added by Acts 2007, c. 290, § 1, eff. Oct. 1, 2007.
MD Code, Real Property, § 8-701, MD REAL PROP § 8-701
Current with legislation effective through July 1, 2023, from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document