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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{class="scroll_to"} 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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