Maryland Real Estate - Chapter 33

what is a ground lease

tenant owns improvements located on rented land

what can happen if a borrower defaults

the owner can foreclose on lien and take the possessions and the land

how long can ground rent last

up to 99 years

after a ground lease, what happens to the deed

it returns to the landlord as a fee simple

who doesnt like ground leases

legislation

how often must unreedemable ground leases be renewed

every 10 years

how long does a ground lease over 15 years need to give landlord notice to redeem

a 30 day notice

what must happen if a ground lease is sold

tenant must be notified to redeem in 30 days

they can contact new landlord

if ground lease is redeemed, what can a borrower do with it

it can be rolled into a new loan

if a home is for sale and has ground rent, what must the sign present

the annual ground rent and the capitilzation rate in same letter size as other signs advertismenets

what are ground rent home not

fee simple

when can a fee simple on ground lease be delivered

when ground lease is redeemed

in 2010 what happened with ground leases

all of them were required to be registered

what is no longer a cure for defaults

ejectment

how long can payment arrears accrue for

3 years

is there a penalty to register a ground lease

no

what happens if a landlord doesnt require rent for 20 years

they cant require or demand it after 20 years and the tenant could get fee simple

what must be done to leases over 7 years

they are required to be recorded

what is a post settlement occupancy agreement

when seller must remain in closed home post settlement but for less than 60 days

if a lease is over 125 days what is required

a brokerage relationship agreement

how much security deposit can be collected

only up to 2 months rent

can creditors go after security deposits

no

in baltimore city, what do they require with leased units

all of them must be recorded whether they are vacant or not

if a landlord wants to terminate a lease, what time must they give renter

1 week for week to week

1 month for monthly

3 months for yearls

what will a tenant become in a holdover

a week to week or month to month depending on original lease

what is exculpatory clause

any language having the landlord not to be liable, automatical renewal for more than a month, asking for a longer period of vacancy notice from tenant

when can rent be withheld

if living conditions are hazardous and they gave written notice to the landlord and waited 30 daysw

what are considered hazardous conditions

fire or health hazards

inadequate sewage

rodents in 2 or more dwellings

failing to deal with lead based paint

what can tenants do if lead based paint isnt taken care of

tenants can asked to be released from lease

who can get immediate release from a lease

any military personanel

what kind of evictions are not allowed

retaliatory evictions

what kind of systems are always required to be installed

sprinkler systems