Section 8-704 - Registration of ground lease.
§ 8-704. Registration of ground lease.
(a) Requirement of registration.- A ground lease holder shall register a ground lease with the Department by submitting:
(1) A registration form that the Department requires; and
(2) The registration fee for each ground lease as provided under subsection (c) of this section.
(b) Form; contents.- The registration form shall include:
(1) The premise address and tax identification number of the property for which the ground lease was created;
(2) The name and address of the ground lease holder;
(3) The name and address of the leasehold tenant;
(4) The name and address of the person to whom the ground rent payment is sent;
(5) The amount and payment dates of the ground rent installments;
(6) To the best of the ground lease holder's knowledge, a statement of the range of years in which the ground lease was created; and
(7) The liber and folio information for the current ground rent deed of record.
(c) Fee.- The registration fee for a ground lease per ground lease holder is:
(1) $10 for the first ground lease; and
(2) For each additional ground lease:
(i) $3 before October 1, 2008;
(ii) $4 on or after October 1, 2008 and before October 1, 2009; and
(iii) $5 on or after October 1, 2009.
[2007, ch. 290.]