(The obligor is the party obliged to pay, and the obligee the party entitled to receive, the ground rent.) The amount of a ground rent may be changed by either party once every five years, but, unless the parties agree otherwise, the amount of such a change may be no greater than the percentage change in the Consumer Price Index (or other standard prescribed by statute) during the previous three years. A ground rent constitutes a lien against the real estate. The terms of the ground rent agreement may be incorporated into the deed or other instrument of transfer, according to a statutory form.
