HARRY HUGHES, Governor

3241

(4) (3) (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 RESIDENTIAL RENTAL FACILITY
TO A COOPERATIVE HOUSING CORPORATION MUST OFFER EXTENDED LEASES
TO QUALIFIED HOUSEHOLDS FOR UP TO 20 PERCENT OF THE UNITS IN THE
RESIDENTIAL 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 1 YEAR OR LESS REMAINS ON THE LEASE.

RENTS UNDER THESE EXTENDED LEASES MAY BE INCREASED ONLY ONCE
EACH 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, WHETHER OR NOT INCLUDED IN THE DEFINITION OF GROSS INCOME
FOR FEDERAL OR STATE TAX PURPOSES. FOR PURPOSES OF THIS SECTION,
THE INCLUSIONS TO AND EXCLUSIONS FROM ANNUAL INCOME ARE THE SAME
AS FOR "GROSS INCOME" AS THAT TERM IS DEFINED IN § 9-104(A)(7) OF
THE TAX - PROPERTY ARTICLE FOR THE PROPERTY TAX CREDITS FOR
HOMEOWNERS BY REASON OF INCOME AND AGE, REDUCED BY 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. TOTAL INCOME MEANS THE SAME AS "GROSS INCOME" AS DEFINED
IN § 9-104(A)(7) OF THE TAX - PROPERTY ARTICLE.

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