This form is used when each of the parties to this Partition and Assignment have determined that it is in (his/her/its) best interest that (he/she/it) own the entire leasehold estate in a portion of the Lands subject to the Lease, rather than an undivided interest in all of the Lands subject to the Lease.
Maryland Partition and Assignment of Leasehold Estate
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Multi-State
Control #:
US-OG-270
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Word;
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How to fill out Partition And Assignment Of Leasehold Estate?
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FAQ
(a) A circuit court may decree a partition of any property, either legal or equitable, on the bill or petition of any joint tenant, tenant in common, parcener, or concurrent owner, whether claiming by descent or purchase.
Partition is the division of real or personal property between or among two or more co-owners, such as joint tenants or tenants-in-common. Partition is not a remedy available to owners who hold title as community property or quasi-community property.
?Section 14?104 of the Real Property Article of the Annotated Code of Maryland provides that, unless otherwise negotiated in the contract or provided by State or local law, the cost of any recordation tax or any State or local transfer tax shall be shared equally between the buyer and seller.?
In any clerk's office where the deeds or other instruments are photostated or microfilmed, no instrument on which a rider has been placed or attached in a manner obscuring, hiding, or covering any other part of the instrument may be offered or received for record.
A memorandum of lease thus entitled to be recorded shall contain at least the following information with respect to the lease: (1) the name of the lessor and the name of the lessee; (2) any addresses of the parties set forth in the lease; (3) a reference to the lease, with its date of execution; (4) a description of ...
Section 3-104.1 - Licensing information on instruments securing mortgage loans on residential property (a) In this section, "residential property" means real property improved by four or fewer single family dwelling units that are designed principally and are intended for human habitation.
If the deed or other instrument is wholly typewritten or typewritten on a printed form, the typewriting shall be in black letters, in not less than elite type and upon white paper of sufficient weight or thickness as to be clearly readable.
RULE 10-104. Except as provided in Rules 10-209 (b), 10-213, and 10-705, upon the filing of a petition, the court shall issue a show cause order directing persons on whom it is served to show cause in writing on or before a specified date why the court should not take the action described in the order.