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S.B. 10 VETOES
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(f) (1) The extended lease shall provide for a term commencing on
acceptance and terminating not less than 3 years from the giving of the notice
required by § 11-102.1 of this title.
(2) Annually, on the commencement date of the extended lease, the
rental fee for the unit may be increased. The increase may not exceed an amount
determined by multiplying the annual rent for the preceding year by the percentage
increase for the rent component of the U.S. Consumer Price Index for Urban Wage
Earners and Clerical Workers (CPI-W) (1967 = 100), as published by the U.S.
Department of Labor, for the most recent 12-month period.
(3) Except as this section otherwise permits or requires, the extended
lease shall contain the same terms and conditions as the lease in effect on the day
preceding the giving of the notice required by § 11—102.1 of this title.
(g) A designated household which exercises its rights under this section shall
not be denied an opportunity to buy a unit at a later date, if one is available.
(h) (1) A designated household which executes an extended lease under this
section which is accepted thereafter may not terminate its extended lease under §
11-102.1 of this title. A designated household may terminate its extended lease at any
time, with notice to the developer or any subsequent titleholder as follows:
(i) At least a 1-month notice in writing shall be given when less
than 12 months remain on the lease; and
(ii) At least a 3-month notice in writing shall be given when 12
months or more remain on the lease.
(2) Any lease executed under this section shall set forth the provisions
for termination contained in this subsection.
(i) The title to units subject to the provisions of this section may be granted to
a person who is not a member of the designated household, provided that:
(1) The provisions of this section continue to apply despite any transfer
of title to a unit occupied by a designated household as provided in this section;
(2) The designated household is provided written notice of the change of
ownership of title by the new titleholder; and
(3) The vendor of any such unit provides the purchaser written
disclosure that the unit is occupied by a designated household subject to the
provisions of this section at the time of or prior to the execution of a contract of sale.
(j) The extended tenancy provided for in this section shall cease upon the
occurrence of any of the following:
(1) 90 days after the death, of the last surviving senior citizen or
[handicapped citizen] INDIVIDUAL WITH A DISABILITY residing in the unit, or 90
days after the last senior citizen or [handicapped citizen] INDIVIDUAL WITH A
DISABILITY residing in the unit has moved from the unit;
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