The General Assembly has passed most...

GROUND RENT REFORM

March 23, 2007

GROUND RENT REFORM

The General Assembly has passed most bills in a package to reform Maryland's ground rent system. They include:

A prohibition on new ground rents. Passed by the General Assembly and signed yesterday by Gov. Martin O'Malley.

A ban on the use of ejectment, a process by which ground rent owners can take ownership of houses in cases where homeowners owe back ground rent. Passed by the General Assembly.

Conversion of 19th-century ground rents to allow homeowners to buy them out. Passed by the General Assembly.

A requirement that ground rent holders issue regular bills to homeowners. Passed by the General Assembly.

The creation of a state ground rent registry. Passed by the General Assembly.

Financial help for homeowners seeking to buy out ground rents. Passed by the House, under consideration by a Senate committee.

A requirement that home purchasers be notified of the existence of a ground rent at the time of sale. Passed by the House; no companion bill in the Senate.

Limits on the amount of back rent an owner can collect for a property owned by the city of Baltimore. Passed by the General Assembly.

Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.