maryland ground rent: Proceed With Extreme Caution...Ground Rent Registry Law in Maryland!
- 07/25/11 04:29 PM
A few states still have Ground Rents (Maryland, Pennsylvania and Hawaii) as a way of conveying property. On the first page of our Maryland Residential Contract Of Sale, paragraph #5, we need to put an 'X' in one of the blanks. The property is is being conveyed________in fee simple or _______subject to an annual ground rent...
What's a listing agent to do? Proceed with caution...Take a look at this notice. Legal Affairs News Maryland SDAT Provides Guidance on Ground Rent Registry Law The Maryland Department of Assessments and Taxation (“SDAT”) has posted guidance on its website to help interpret … (15 comments)
A few states still have Ground Rents (Maryland, Pennsylvania and Hawaii) as a way of conveying property.
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