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Deed in Redemption of Ground Rent - Maryland
Deed in Redemption of Ground Rent is a legal document that was released by the Maryland Department of Assessments and Taxation - a government authority operating within Maryland.
FAQ
Q: What is a Deed in Redemption of Ground Rent?
A: A Deed in Redemption of Ground Rent is a legal document used in Maryland to redeem a ground rent property.
Q: What is a ground rent?
A: A ground rent is an annual fee paid by the owner of a property to the holder of the ground rent, commonly found in Baltimore and parts of Maryland.
Q: How does a Deed in Redemption of Ground Rent work?
A: A Deed in Redemption of Ground Rent extinguishes the ground rent by converting it into a fee simple ownership. The property owner pays a lump sum to the ground rent holder in exchange for this conversion.
Q: What are the benefits of redeeming a ground rent?
A: Redeeming a ground rent eliminates the annual payment obligation and grants the property owner full ownership rights without any future ground rent payments.
Q: Is a Deed in Redemption of Ground Rent required in Maryland?
A: Yes, a Deed in Redemption of Ground Rent is required in Maryland to legally redeem a ground rent property.
Q: Can anyone redeem a ground rent?
A: Yes, as long as the property owner complies with the legal requirements, anyone can redeem a ground rent.
Form Details:
- Released on October 1, 2017;
- The latest edition currently provided by the Maryland Department of Assessments and Taxation;
- Ready to use and print;
- Easy to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the Maryland Department of Assessments and Taxation.
Download Deed in Redemption of Ground Rent - Maryland
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