11-1-11: Paying Ground Rent to a Zombie

November 1, 2011 at 9:26 am Leave a comment

Halloween is over.  But that doesn’t mean there aren’t still zombies among us … or zombie ground rents, that is.  Last week, Maryland’s highest court said a new state law that extinguished some 30-thousand unregistered ground rents was overreaching.  The 2007 law stated ground rent owners had three years to register the leases with the state, or loose ownership of the leases.  The court stated that taking those property rights without just compensation is unconstitutional — and that essentially brings all those unregistered ground rents back from the dead.

The 2007 law was passed after an investigation by the Baltimore Sun found that many people were losing their homes after failing to pay their ground rents.

Sheilah talks about what this means for both homeowners and ground rent owners with Paul Anderson, the Chief Legal Review Officer for the Maryland Department of Assessments and Taxation, which deals with filings for the state — including ground rents.

Entry filed under: Law, On Air, Policy. Tags: , , , , .

11-1-11: Baltimore School for the Arts 11-2-11: Maryland Morning Culture Calendar

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Podcast! Miss an episode of Maryland Morning? Podcast it here.

Keep up to date with our RSS feed.

What’s on Our Twitter

Error: Twitter did not respond. Please wait a few minutes and refresh this page.

MM_logo

%d bloggers like this: