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Session Laws, 2007
Volume 803, Page 1   View pdf image
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2007 Laws of Maryland
MARYLAND, Sct.:
At a Session of the General Assembly of Maryland, begun and held in the City
of Annapolis on the Tenth Day of January 2007, and ending on the Ninth
Day of April 2007, Martin O'Malley, being Governor of the State, the
following laws were enacted, to wit:
CHAPTER 1 (Senate Bill 106)
AN ACT concerning
Real Property - Ground Rents - Prohibition on Creation of Ground Rent
Leases for
Reversionary Interests in Residential Property
FOR the purpose of prohibiting, on or after a certain date, the creation of a lease or             sublease of a certain term and subject to the payment of a certain ground rent for certain residential property owner of a fee simple or leasehold estate in
certain residential property from creating a reversionary interest in the
property under a ground lease or a ground sublease under certain
circumstances: providing for the application of this Act: making this Act an
emergency measure; and generally relating to ground rent leases for residential
property.
BY adding to Article - Real Property Section 8-111.2 Annotated Code of Maryland (2003 Replacement Volume and 2006 Supplement) SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Real Property
EXPLANATION: CAPITALS INDICATE MATTER ADDED TO EXISTING LAW. [Brackets] indicate matter deleted from existing law.
Underlining indicates amendments to bill. Strike out indicates matter stricken from the bill by amendment or deleted from the law by
amendment. Italics indicate opposite chamber / conference committee amendments.
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Session Laws, 2007
Volume 803, Page 1   View pdf image
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