Property OwnershipHARD
Ground rent in Maryland is:
Correct Answer
B) A unique form of leasehold where owner pays rent for the land
Ground rent is a unique Maryland practice where property owners may pay rent for the land their building sits on.
Answer Options
A
NonexistentB
A unique form of leasehold where owner pays rent for the landC
Same as property taxD
Only in commercial propertiesVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
leasehold-estatesproperty-typesstate-specific-real-estate-practicesproperty-ownership
Key Terms:
ground rentleaseholdMaryland Real Property ArticleGround Rent Reform Act 2007bifurcated ownership
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