Application for Ground Rent Redemption if There Has Not Been a Bill or Communication in the Past 3 Years - Maryland

Application for Ground Rent Redemption if There Has Not Been 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 an application for Ground Rent Redemption?A: An application for Ground Rent Redemption is a request to redeem or pay off the ground rent on a property.

Q: What is Ground Rent?A: Ground Rent is an annual payment made by a property owner to the owner of the land on which the property is built.

Q: When should I apply for Ground Rent Redemption?A: You should apply for Ground Rent Redemption if there has not been a bill or communication regarding the ground rent for the past 3 years.

Q: What documents do I need to submit with the application?A: You will need to submit a copy of the property deed, proof of ownership, and any other supporting documents requested by the Maryland Department of Assessments and Taxation.

Q: Is there a fee for the Ground Rent Redemption application?A: Yes, there is a fee for the Ground Rent Redemption application. The fee amount may vary, so it is best to check with the Maryland Department of Assessments and Taxation for the current fee schedule.

Q: What happens after I submit the application?A: After you submit the application for Ground Rent Redemption, the Maryland Department of Assessments and Taxation will review your application and, if approved, issue a certificate of redemption.

Q: What is a certificate of redemption?A: A certificate of redemption is a legal document that confirms the ground rent has been redeemed or paid off, and the property is no longer subject to the annual ground rent payment.