§ 7312. Ground rent
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 20 Pa.C.S.A. Decedents, Estates and Fiduciaries
20 Pa.C.S.A. § 7312
§ 7312. Ground rent
A ground rent secured upon unencumbered improved real estate located within the Commonwealth shall be an authorized investment if the reserved annual rent, capitalized at the rate of 5% per annum, shall not exceed four-fifth of the fair value of the real estate out of which it issues, determined by appraisal, as in the case of mortgages.
Credits
1972, June 30, P.L. 508, No. 164, § 2, eff. July 1, 1972.
20 Pa.C.S.A. § 7312, PA ST 20 Pa.C.S.A. § 7312
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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