Regulation .02 Documentation of Lease by Tenant.
Regulation .02 Documentation of Lease by Tenant.LinkCopy Citation
To redeem a reversion in a lease under Real Property Article, §8-804, Annotated Code of Maryland, a tenant shall file with the Department of Assessments and Taxation:
A.
A copy of:
(1)
The publicly recorded lease creating the leasehold on the property and ground rent interest of the landlord; or
(2)
Any publicly recorded documents establishing the existence of the lease;
B.
A copy of the publicly recorded deed, deed of assignment, or other document of transfer by which the current tenant received an interest in the property;
C.
An application form prescribed by the Department which includes, but is not limited to, the:
(1)
Tenant's name and address;
(2)
Address of the property subject to the ground rent;
(3)
Property account number in the Department's records for the subject property; and
(4)
Tenant's affidavit certifying that the requirements of Real Property Article, §8-804, Annotated Code of Maryland, have been met;
D.
If the tenant has received a bill for ground rent or other communication from the ground lease holder regarding the ground rent during the 3 years immediately before the filing of the documentation required by this regulation:
(1)
A copy of the correspondence from the tenant notifying the landlord of tenant's intention to redeem the ground rent; and
(2)
Proof of mailing from the United States Postal Service of the notice to the landlord by certified mail; and
E.
Pay any fees required by Corporations and Associations Article, §1-203, and Real Property Article, §8-804, Annotated Code of Maryland.