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S.B. 815
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VETOES
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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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11-137.
(a) (1) In this section the following words have the meanings indicated.
(2) "Annual income" means the total income from all sources, of a
designated household, for the income tax year immediately preceding the year in which
the notice is given under § 11-102.1 of this title, whether or not included in the
definition of gross income for federal or State tax purposes. For purposes of this
section, the inclusions and exclusions from annual income are the same as those listed
in § 9-104(a)(8) of the Tax - Property Article, "gross income" as that term is defined for
the property tax credits for homeowners by reason of income and age, but shall not
include unreimbursed medical expenses if the tenant provides reasonable evidence of
the unreimbursed medical expenses or consents in writing to authorize disclosure of
relevant information regarding medical expense reimbursement at the time of applying
for an extended lease.
(3) "Designated household" means any of the following households:
(i) A household which includes a senior citizen who has been a
member of the household for a period of at least 12 months preceding the giving of the
notice required by § 11-102.1 of this title; or
- 3364 -
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