§ 8-701. Definitions

   (a) In general. -- In this subtitle the following words have the meanings indicated.

(b) Current ground rent deed of record. -- "Current ground rent deed of record" means the document that vests title to the reversionary interest in the current ground lease holder.

(c) Department. -- "Department" means the State Department of Assessments and Taxation.

(d) Ground lease. -- "Ground lease" means a residential lease or sublease for a term of years renewable forever subject to the payment of a periodic ground rent.

(e) Ground lease holder. --

   (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.

(f) Ground rent. -- "Ground rent" means a rent issuing out of, or collectible in connection with, the reversionary interest under a ground lease.

(g) Leasehold interest. -- "Leasehold interest" means the tenancy in real property created under a ground lease.

(h) Leasehold tenant. -- "Leasehold tenant" means the holder of the leasehold interest under a ground lease.

HISTORY: 2007, ch. 290; 2009, ch. 60, § 5.