Real Property - Ground Leases - Required Notifications - Private Transaction Redemptions
What this bill does
Altering the requirement that a ground lease holder notify the State Department of Assessments and Taxation of certain changes concerning a ground lease; authorizing a leasehold tenant or an interested party to submit to the Department certain documentation of the redemption of a ground lease if the ground lease is redeemed in a certain private transaction and the ground lease holder has failed to notify the Department of the redemption; and requiring the Department to update the online registry under certain circumstances.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (4)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Castelli, Bill | Md Realtors | Written (PDF) |
| FAV | Clampett, Stepen | State Department of Assessments and Taxation | Position only |
| FAV | Higgs, Director, Michael | State Department of Assessments and Taxation | Oral + Written (PDF) |
| FAV | Chair, Environment and Transportation Committee, Chair, Environment and Transportation Committee | Individual | Position only |