§ 8–812
Statutes in effect as of October 1, 2026.
Md. Code Ann., Real Prop. § 8-812 (2026)
Title 8. Landlord and Tenant
Subtitle 8. Residential Ground Leases
§ 8–812LinkCopy Citation
(a)
This section does not apply to a:
(1)
Home equity line of credit;
(2)
Loan secured by an indemnity deed of trust; or
(3)
Commercial loan.
(b)
Before the settlement of a loan secured by a mortgage or deed of trust on residential real property improved by four or fewer single–family units that is subject to a redeemable ground rent, the settlement agent shall notify the borrower that:
(1)
The borrower has the right to redeem the ground rent under § 8–804 of this subtitle;
(2)
The redemption amount is fixed by law but may also be negotiated with the ground lease holder for a different amount;
(3)
It may be possible to include the amount of the redemption in this loan;
(4)
For information on redeeming the ground rent, the borrower should contact the ground lease holder; and
(5)
For information on including the amount of the redemption in this loan, the borrower should contact the lender or credit grantor making this loan.