Wise Choice Land Consulting LLC
1. General information and legal advice
- Not legal advice: The application form and its contents are for informational purposes only and do not constitute legal advice. Applicants should consult with a qualified attorney regarding their specific situation.
- Reliance on personal investigation: Applicants should perform their own due diligence, such as a title search, to determine the property's status and confirm that the ground rent is valid and legally collectible.
- Third-party information: Any information provided by third parties, such as ground lease holders or online registries, is not guaranteed to be accurate or complete.
2. Ground rent status and collectability
- Registration status: In Maryland, ground rents must be registered with the State Department of Assessments and Taxation (SDAT) to be legally collectible. The disclaimer should state that the applicant is responsible for verifying the registration status.
- Redeemability: Not all ground rents are redeemable, and the process can be complex. The application and disclaimer must explain that the redeemability of a specific ground rent depends on its legal status, which can be determined by the date it was created.
- Potential for scams: The disclaimer may warn applicants that ground rent scams exist and that they should only engage with verified ground lease holders or the SDAT.
3. Limitation of liability
- Errors and omissions: The entity processing the application is not liable for errors, omissions, or inaccuracies in the information provided by the applicant or contained in public records.
- Damages: The organization disclaims liability for any damages, losses, or costs arising from the ground rent application process, including those from inaccurate information, delays, or the ultimate outcome of the redemption.
- No guarantee of outcome: The disclaimer should explicitly state that filing an application does not guarantee a specific outcome, such as the successful redemption of the ground rent.
4. Applicant's responsibilities
- Accurate information: The applicant is responsible for providing accurate and truthful information on the application.
- Compliance with laws: The applicant is responsible for ensuring their actions comply with all applicable local, state, and federal laws regarding ground rent.
- Indemnification: The disclaimer may require the applicant to indemnify the organization for any claims or losses resulting from the applicant's actions or failure to comply with the terms.