§ 8-704. Registration of ground lease

   (a) Requirement of registration. -- A ground lease holder shall register a ground lease with the Department by submitting:

   (1) A registration form that the Department requires; and

   (2) The registration fee for each ground lease as provided under subsection (c) of this section.

(b) Form; contents. -- The registration form shall include:

   (1) The premise address and tax identification number of the property for which the ground lease was created;

   (2) The name and address of the ground lease holder;

   (3) The name and address of the leasehold tenant;

   (4) The name and address of the person to whom the ground rent payment is sent;

   (5) The amount and payment dates of the ground rent installments;

   (6) To the best of the ground lease holder's knowledge, a statement of the range of years in which the ground lease was created; and

   (7) The liber and folio information for the current ground rent deed of record.

(c) Fee. -- The registration fee for a ground lease per ground lease holder is:

   (1) $ 10 for the first ground lease; and

   (2) $ 5 for each additional ground lease.

HISTORY: 2007, ch. 290; 2012, chs. 464, 465.