Property Ownership
In Maryland, ground rent can be redeemed (extinguished) by the homeowner by:
APaying the rent for 20 consecutive years
BPaying the capitalized value of the ground rent to the holder✓ Correct
CFiling a petition with the MREC
DObtaining a court order
Explanation
Under Maryland law, a homeowner can redeem (pay off and extinguish) a ground rent by paying the ground rent holder the capitalized value, which is calculated at a rate specified by statute.
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