21 | 15 | | |
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22 | 16 | | AN ACT concerning 1 |
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23 | 17 | | |
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24 | 18 | | Residential Property – Affordable Housing Land Trusts – Authority to Establish 2 |
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25 | 19 | | Condominium Regimes 3 |
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26 | 20 | | |
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27 | 21 | | FOR the purpose of authorizing a condominium regime to be established on certain 4 |
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28 | 22 | | property owned by an affordable housing land trust; and generally relating to the 5 |
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29 | 23 | | authority to establish condominium regimes. 6 |
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30 | 24 | | |
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31 | 25 | | BY repealing and reenacting, with amendments, 7 |
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32 | 26 | | Article – Real Property 8 |
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33 | 27 | | Section 11–102(a) 9 |
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34 | 28 | | Annotated Code of Maryland 10 |
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35 | 29 | | (2015 Replacement Volume and 2022 Supplement) 11 |
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36 | 30 | | |
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37 | 31 | | SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 12 |
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38 | 32 | | That the Laws of Maryland read as follows: 13 |
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39 | 33 | | |
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40 | 34 | | Article – Real Property 14 |
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41 | 35 | | |
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42 | 36 | | 11–102. 15 |
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43 | 37 | | |
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44 | 38 | | (a) (1) The fee simple owner or lessee under a lease that exceeds 60 years of 16 |
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45 | 39 | | any property in the State may subject the property to a condominium regime by recording 17 |
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46 | 40 | | among the land records of the county where the property is located, a declaration, bylaws, 18 |
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47 | 41 | | and condominium plat that comply with the requirements specified in this title. 19 |
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48 | | - | 2 HOUSE BILL 567 |
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| 42 | + | |
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| 43 | + | (2) (i) Notwithstanding the provisions of paragraph (1) of this 20 |
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| 44 | + | subsection, a leasehold estate may not be subjected to a condominium regime if it is used 21 |
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| 45 | + | for residential purposes unless the State, a county that has adopted charter home rule 22 |
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| 46 | + | under Article XI–A of the Maryland Constitution, a municipal corporation, AN 23 |
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| 47 | + | AFFORDABLE HOUSING L AND TRUST AS DEFINED IN § 14–501 OF THIS ARTICLE, or, 24 2 HOUSE BILL 567 |
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51 | | - | (2) (i) Notwithstanding the provisions of paragraph (1) of this 1 |
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52 | | - | subsection, a leasehold estate may not be subjected to a condominium regime if it is used 2 |
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53 | | - | for residential purposes unless the State, a county that has adopted charter home rule 3 |
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54 | | - | under Article XI–A of the Maryland Constitution, a municipal corporation, AN 4 |
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55 | | - | AFFORDABLE HOUSING L AND TRUST AS DEFINED IN § 14–501 OF THIS ARTICLE, or, 5 |
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56 | | - | subject to the provisions of subparagraph (ii) of this paragraph, the Washington 6 |
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57 | | - | Metropolitan Area Transit Authority is the owner of the reversionary fee simple estate. 7 |
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| 50 | + | subject to the provisions of subparagraph (ii) of this paragraph, the Washington 1 |
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| 51 | + | Metropolitan Area Transit Authority is the owner of the reversionary fee simple estate. 2 |
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59 | | - | (ii) The Washington Metropolitan Area Transit Authority may 8 |
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60 | | - | establish a leasehold estate for a condominium regime that is used for residential purposes 9 |
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61 | | - | under subparagraph (i) of this paragraph if, when the initial term of the lease expires, there 10 |
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62 | | - | is a provision in the lease that allows the lessee to automatically renew the lease for another 11 |
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63 | | - | term. 12 |
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| 53 | + | (ii) The Washington Metropolitan Area Transit Authority may 3 |
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| 54 | + | establish a leasehold estate for a condominium regime that is used for residential purposes 4 |
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| 55 | + | under subparagraph (i) of this paragraph if, when the initial term of the lease expires, there 5 |
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| 56 | + | is a provision in the lease that allows the lessee to automatically renew the lease for another 6 |
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| 57 | + | term. 7 |
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65 | | - | (3) Notwithstanding paragraph (2) of this subsection or any declaration, 13 |
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66 | | - | rule, or bylaw, a developer or any other person may not be prohibited from granting a 14 |
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67 | | - | leasehold estate in an individual unit used for residential purposes. 15 |
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| 59 | + | (3) Notwithstanding paragraph (2) of this subsection or any declaration, 8 |
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| 60 | + | rule, or bylaw, a developer or any other person may not be prohibited from granting a 9 |
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| 61 | + | leasehold estate in an individual unit used for residential purposes. 10 |
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