Property Ownership
Under Maryland's 2007 Ground Rent Reform Act, homeowners with ground rent leases may:
AOnly renew the lease perpetually
BRedeem (extinguish) the ground rent by paying a capitalized value✓ Correct
CSell the ground rent to another investor
DIgnore the ground rent after 20 years
Explanation
Maryland's Ground Rent Reform Act gave homeowners the right to redeem (buy out) their ground rent by paying its capitalized value, allowing them to fully own their land.
Related Maryland Property Ownership Questions
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