What type of ground lease allows a tenant to buy out the lease?

In Maryland-specific coverage within “Leases and Property Management,” the course explains ground leases and the unique Maryland concept of ground rents. A redeemable ground rent permits the leasehold owner (tenant) to redeem—that is, buy out—the ground rent interest by paying a statutory redemption amount, thereby merging the leasehold and reversionary interests and effectively ending the ground rent. This contrasts with irreedeemable/irretrievable arrangements (not permitted for new creations under current Maryland law) where no buyout right exists.

References (Course Outline/Study Topics): Maryland 60-Hour Principles and Practices of Real Estate — “Leases and Property Management” (Ground leases and Maryland ground rents; redeemable ground rent concept and tenant redemption).