4598

LAWS OF MARYLAND

Ch. 836

DESCRIBING YOUR RIGHT TO PURCHASE IS INCLUDED WITH THIS
NOTICE.

(3)  IF YOU DO NOT CHOOSE TO PURCHASE YOUR UNIT,
YOU ARE ENTITLED TO BE REIMBURSED UP TO $750 FOR MOVING
EXPENSES ACTUALLY AND REASONABLY INCURRED. TO RECEIVE
REIMBURSEMENT, YOU MUST MAKE A WRITTEN REQUEST, ACCOMPANIED
BY REASONABLE EVIDENCE OF YOUR EXPENSES, WITHIN 30 DAYS
AFTER YOU MOVE. YOU ARE ENTITLED TO BE REIMBURSED WITHIN 30
DAYS AFTER YOUR REQUEST HAS BEEN RECEIVED.

(4)  IF YOU WANT TO MOVE OUT OF YOUR RESIDENCE
BEFORE THE END OF THE 180 DAY PERIOD OR THE END OF YOUR
LEASE, YOU MAY CANCEL YOUR LEASE WITHOUT PENALTY BY GIVING
AT LEAST 30 DAYS PRIOR WRITTEN NOTICE. HOWEVER, ONCE YOU
GIVE NOTICE OF WHEN YOU INTEND TO MOVE, YOU WILL NOT HAVE
THE RIGHT TO REMAIN IN YOUR RESIDENCE BEYOND THAT DATE.

SECTION 2

RIGHT TO 3 YEAR LEASE EXTENSION OR 3 MONTH RENT PAYMENT
FOR CERTAIN HANDICAPPED CITIZENS AND SENIOR CITIZENS

THE DEVELOPER WHO CONVERTS THIS RENTAL FACILITY TO A
CONDOMINIUM MUST OFFER EXTENDED LEASES TO QUALIFIED
HOUSEHOLDS FOR UP TO 20 PERCENT OF THE UNITS IN THE RENTAL
FACILITY. HOUSEHOLDS WHICH RECEIVE EXTENDED LEASES WILL
HAVE THE RIGHT TO CONTINUE RENTING THEIR RESIDENCES FOR AT
LEAST 3 YEARS FROM THE DATE OF THIS NOTICE. A HOUSEHOLD MAY
CANCEL AN EXTENDED LEASE BY GIVING 3 MONTHS' WRITTEN NOTICE
IF MORE THAN 1 YEAR REMAINS ON THE LEASE, AND 1 MONTH'S
WRITTEN NOTICE IF LESS THAN 1 YEAR REMAINS ON THE LEASE.

RENTS UNDER THESE EXTENDED LEASES MAY ONLY BE INCREASED
ONCE A YEAR AND ARE LIMITED BY INCREASES IN THE COST OF
LIVING INDEX. READ THE ENCLOSED LEASE TO LEARN THE
ADDITIONAL RIGHTS AND RESPONSIBILITIES OF TENANTS UNDER
EXTENDED LEASES.

IN DETERMINING WHETHER YOUR HOUSEHOLD QUALIFIES FOR AN
EXTENDED LEASE, THE FOLLOWING DEFINITIONS APPLY:

(1)  "HANDICAPPED CITIZEN" MEANS A PERSON WITH A
MEASURABLE LIMITATION OF MOBILITY DUE TO CONGENITAL DEFECT,
DISEASE, OR TRAUMA.

(2)  "SENIOR CITIZEN" MEANS A PERSON WHO IS AT
LEAST 62 YEARS OLD ON THE DATE OF THIS NOTICE.

(3)  "ANNUAL INCOME" MEANS THE TOTAL INCOME FROM
ALL SOURCES FOR ALL PRESENT MEMBERS OF YOUR HOUSEHOLD FOR
THE INCOME TAX YEAR IMMEDIATELY PRECEDING THE YEAR IN WHICH
THIS NOTICE IS ISSUED. TOTAL INCOME MEANS THE SAME AS
"GROSS INCOME" AS DEFINED IN ARTICLE 81, § 12F-1(6) OF THE
ANNOTATED CODE OF MARYLAND.