Md high court finds ground-rent law unconstitutional By
Timothy B. Wheeler and Jamie Smith Hopkins Baltimore Sun Feb 26, 2014
Md. high court finds ground-rent law unconstitutional
State can't take away ability to seize and sell homes over
unpaid ground rents, court rules
By Timothy B. Wheeler and Jamie Smith Hopkins, The
Baltimore Sun February 26, 2014 http://www.baltimoresun.com/business/bs-bz-ground-rent-court-decision-20140226,0,2243306.story
Maryland's highest court tossed out Wednesday the heart of
an ambitious legislative effort to stop homeowners from losing their property
over unpaid rent on the ground beneath their houses.
The Court of Appeals ruled that the law violated the rights
of "ground-rent" owners by taking away their ability to seize and
sell the homes of tenants who don't pay, then keep the proceeds. Allowing
owners to bring foreclosure proceedings instead was not a reasonable
substitute, the court said.
The decision throws into doubt sweeping 2007 changes to a
Colonial-era system under which many homes in Baltimore and around the state
sit on ground that is owned by a leaseholder. Homeowners on those properties
are legally required to pay rent, usually twice a year, to the holder of the
ground rent.
Read more: http://www.baltimoresun.com/business/bs-bz-ground-rent-court-decision-20140226,0,2243306.story
Labels: History, Journalists
Hopkins Jamie Smith Sun, Judiciary, Judiciary
Maryland, Judiciary
MD Court of Appeals, Real Estate,
Real
Estate ground-rent, Real
Estate Maryland - See more at: http://kevindayhoff.blogspot.com/2014/03/md-high-court-finds-ground-rent-law.html#sthash.q8YG5Zat.dpuf
Md high court finds ground-rent law unconstitutional By
Timothy B. Wheeler and Jamie Smith Hopkins Baltimore Sun Feb 26, 2014
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