ground rents: MARYLAND GROUND RENTS - 03/10/10 04:32 AM
For those of you not based in one of the few states in which ground rent is applicable you will likely not have a clue what I am talking about here, but the gist of this is that I thought that as of September 30, 2010, if the ground rent owner has not filed their information relating to ground rents that they own with our local state department of assessments and taxation (SDAT) their ground rent will be extinguished and the property would then revert to a fee simple ownership.
For those of us here in Maryland that would mean that we would no longer … (0 comments)