Application for Ground Rent Redemption if You Have Received a Bill or Communication in the Past 3 Years - Maryland

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Application for Ground Rent Redemption if You Have Received a Bill or Communication in the Past 3 Years - Maryland

Application for Ground Rent Redemption if You Have Received a Bill or Communication in the Past 3 Years 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 the ground rent redemption application?
A: The ground rent redemption application is a form that allows you to redeem, or buy out, the ground rent on your property in Maryland.

Q: Who can apply for ground rent redemption?
A: Any property owner in Maryland who has received a bill or communication regarding ground rent in the past 3 years can apply for ground rent redemption.

Q: What is ground rent?
A: Ground rent is an annual fee that some property owners in Maryland must pay to the owner of the land on which their property is located.

Q: Why would I want to redeem the ground rent?
A: Redeeming the ground rent eliminates the annual payment obligation, giving you full ownership of the land on which your property sits.

Q: How do I apply for ground rent redemption?
A: To apply for ground rent redemption, you need to complete and submit the ground rent redemption application form, along with any required documentation and fees.

Q: Is there a deadline for applying for ground rent redemption?
A: No, there is no specific deadline for applying for ground rent redemption, but it is recommended to do so within 3 years of receiving a bill or communication.

Q: What happens after I submit the ground rent redemption application?
A: After you submit the application, the ground rent owner will have 45 days to respond. If they do not respond or reject the application, the ground rent will be considered redeemed.

Q: Can I appeal if my ground rent redemption application is rejected?
A: Yes, if your ground rent redemption application is rejected, you can file an appeal with the Maryland Department of Assessments and Taxation (SDAT).

Q: Are there any fees associated with ground rent redemption?
A: Yes, there are fees associated with ground rent redemption, including a filing fee and a redemption amount based on the value of the ground rent.

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Form Details:

  • Released on June 1, 2022;
  • 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 printable 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 Application for Ground Rent Redemption if You Have Received a Bill or Communication in the Past 3 Years - Maryland

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