There are three major types of concurrent ownership in Maryland that can be written into a deed: Tenants in Common each own a share of the property as an individual with no right of survivorship. Therefore, if one co-tenant dies, his interest passes to his own heirs, not the other co-tenants. In this type of […]Read More
Ground rent is common in Maryland especially with property in Baltimore City. If ground rent is on your property then you are responsible for pay a small amount of money each year to the owner of the ground rent. The amounts vary but I find they are typically around $100 to $200 per year. Owners […]Read More
A deed for married individuals with property in Maryland should typically be filed as Tenants by the Entirety, though there are occasionally advantageous reasons for filing otherwise. The same is true whether the married couple is of the same sex or of the opposite sex. For a free, confidential conversation to discuss this and other […]Read More
A few clients have recently asked about “standard” attorney’s fees clauses in Maryland Real Estate contracts, such as a Residential Contract of Sale. It is important to understand that ultimately these terms are negotiable and if you have concerns about what is proposed you should speak with your attorney so that you are comfortable with […]Read More
There are several important steps and decisions that must be made when properly filing a Maryland real estate deed. Besides all of the state requirements, Montgomery County deed filings have the additional requirement: Montgomery County – “No Consideration Deeds” must have the applicable form of county-required “no consideration” affidavit attached, or it will be taxed […]Read More
There are several important steps and decisions that must be made when properly filing a Maryland real estate deed. Besides all of the state requirements, Cecil County deed filings have the additional requirement: “Instruments transferring title. For any instrument that transfers title and/or effects a change in ownership on the real property tax records of […]Read More
Maryland law requires that the appellant or petitioner has the burden of proof to demonstrate that the state is incorrect in the assessment of the property. This can be done in a number of successful ways however there are some things that cannot be considered such as the assessment of your neighbor. For a free, […]Read More
There are several important steps and decisions that must be made when properly filing a Maryland real estate deed. To ensure your deed transfer is drafted and filed correctly under Maryland and county laws, call or e-mail now for a free confidential consultation: Maryland deed transfer attorney Stephen J. Reichert at 410-299-4959, email@example.com or by […]Read More
Maryland Property Deed Recording Fees, Surcharges, Recordation Tax, State Transfer Tax and County Transfer Tax, Laws & Requirements.
In addition to the potential withholding payment required by Maryland law, one must pay to the county/state the applicable recording fee and surcharge, any applicable recordation tax (unless collected by the county fiscal office), any applicable state transfer tax, and any applicable county transfer tax (unless collected by the county fiscal office). To ensure your […]Read More
Who Needs to Sign a Maryland Quit Claim Deed? Baltimore, Maryland Deed Drafting and Deed Recording Services.
The Deed must be signed by the Grantor (the person transferring their property interest) but does not require the signature of the Grantee. Under Maryland law there are many different Deeds that can be created. When having a Deed created do not simply be talked into creating a Quit Claim Deed. Using the wrong Deed […]Read More