HARRY HUGHES, Governor

4599

TO QUALIFY FOR AN EXTENDED LEASE YOU MUST MEET ALL OF
THE FOLLOWING CRITERIA:

(1)  A MEMBER OF THE HOUSEHOLD MUST BE A
HANDICAPPED CITIZEN OR A SENIOR CITIZEN AND MUST BE LIVING
IN YOUR UNIT AS OF THE DATE OF THIS NOTICE AND MUST HAVE
BEEN A MEMBER OF YOUR HOUSEHOLD FOR AT LEAST 12 MONTHS
PRECEDING THE DATE OF THIS NOTICE; AND

(2)  ANNUAL INCOME FOR ALL PRESENT MEMBERS OF

YOUR HOUSEHOLD MUST NOT HAVE EXCEEDED ............(80

PERCENT OF APPLICABLE MEDIAN INCOME) FOR 19___; AND

(3)  YOU MUST BE CURRENT IN YOUR RENTAL PAYMENTS
AND OTHERWISE IN GOOD STANDING UNDER YOUR EXISTING LEASE.

IF YOU MEET ALL OF THESE QUALIFICATIONS AND DESIRE AN
EXTENDED LEASE, THEN YOU MUST COMPLETE THE ENCLOSED FORM AND
EXECUTE THE ENCLOSED LEASE AND RETURN THEM. THE COMPLETED
FORM AND EXECUTED LEASE MUST BE RECEIVED AT THE OFFICE
LISTED BELOW WITHIN 60 DAYS OF THE DATE OF THIS NOTICE, OR

IN OTHER WORDS, BY ....................(DATE). IF YOUR

COMPLETED FORM AND EXECUTED LEASE ARE NOT RECEIVED WITHIN
THAT TIME, YOU WILL NOT BE ENTITLED TO AN EXTENDED LEASE.

IF THE NUMBER OF QUALIFIED HOUSEHOLDS REQUESTING
EXTENDED LEASES EXCEEDS THE 20 PERCENT LIMITATION, PRIORITY
WILL BE GIVEN TO QUALIFIED HOUSEHOLDS WHO HAVE LIVED IN THE
RENTAL FACILITY FOR THE LONGEST TIME.

DUE TO THE 20 PERCENT LIMITATION YOUR APPLICATION FOR
AN EXTENDED LEASE MUST BE PROCESSED PRIOR TO YOUR LEASE
BECOMING FINAL. YOUR LEASE WILL BECOME FINAL IF IT IS
DETERMINED THAT YOUR HOUSEHOLD IS QUALIFIED AND FALLS WITHIN
THE 20 PERCENT LIMITATION.

IF YOU RETURN THE ENCLOSED FORM AND LEASE BY

................(DATE) YOU WILL BE NOTIFIED WITHIN 75 DAYS

OF THE DATE OF THIS NOTICE, OR IN OTHER WORDS, BY

..............(DATE), WHETHER YOU ARE QUALIFIED AND WHETHER

YOUR HOUSEHOLD FALLS WITHIN THE 20 PERCENT¹ LIMITATION.

YOU MAY APPLY FOR AN EXTENDED LEASE AND, AT THE SAME
TIME, CHOOSE TO PURCHASE YOUR UNIT. IF YOU APPLY FOR AND
RECEIVE AN EXTENDED LEASE, YOUR PURCHASE CONTRACT WILL BE
VOID. IF YOU DO NOT RECEIVE AN EXTENDED LEASE, YOUR
PURCHASE CONTRACT WILL BE EFFECTIVE AND YOU WILL BE
OBLIGATED TO BUY YOUR UNIT.

IF YOU QUALIFY FOR AN EXTENDED LEASE, BUT DUE TO THE 20
PERCENT LIMITATION, YOUR LEASE IS NOT FINALIZED, THE
DEVELOPER MUST PAY YOU AN AMOUNT EQUAL TO 3 MONTHS RENT
WITHIN 15 DAYS AFTER YOU MOVE. YOU ARE ALSO ENTITLED TO UP
TO $750 REIMBURSEMENT FOR YOUR MOVING EXPENSES, AS DESCRIBED
IN SECTION 1.