Md. Code Regs. 18.15.01.02

Current through Register Vol. 51, No. 24, December 2, 2024

Section 18.15.01.02 - Documentation of Lease by Tenant

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.

Md. Code Regs. 18.15.01.02

Regulation .02 amended effective 45:24 Md. R. 1162, eff. 12/6/2018; amended effective 47:4 Md. R. 263, eff. 2/24/2020; amended effective 49:2 Md. R. 78, eff. 1/24/2022