2010 Maryland Code
REAL PROPERTY
TITLE 8 - LANDLORD AND TENANT
Subtitle 1 - General Rules
Section 8-111.2 - Reversionary interest under a ground lease or sublease prohibited for four or fewer dwelling units.

§ 8-111.2. Reversionary interest under a ground lease or sublease prohibited for four or fewer dwelling units.
 

(a)  Applicability.- This section does not apply to property: 

(1) Leased for business, commercial, manufacturing, mercantile, or industrial purposes, or any other purpose that is not primarily residential; 

(2) Improved or to be improved by any apartment, condominium, cooperative, or other building for multifamily use of greater than four dwelling units; 

(3) Leased for dwellings or mobile homes that are erected or placed in a mobile home development or mobile home park; or 

(4) Subject to an affordable housing land trust agreement executed under Title 14, Subtitle 5 of this article. 

(b)  Prohibition.- On or after January 22, 2007, the owner of a fee simple or leasehold estate in residential property that is or was used, intended to be used, or authorized to be used for four or fewer dwelling units may not create a reversionary interest in the property under a ground lease or a ground sublease for a term of years renewable forever subject to the payment of a periodic ground rent. 
 

[2007, ch. 1; ch. 286, § 2; 2010, chs. 609, 610.]