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115
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HARRY HUGHES, Governor
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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 percent 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.
If you qualify for an extended lease, but do not want one,
you are also entitled to both the moving expense reimbursement
previously described, and the payment equal to 3 months' rent.
In order to receive the 3 month rent payment, you must complete
and return the enclosed form within 60 days of the date of this
notice or by ............(Date) , but you should not execute the
enclosed lease.
All application forms, executed leases, and moving expense
requests should be addressed or delivered to:
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11-125.
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