3242

LAWS OF MARYLAND

Ch. 833

(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 THE 12 MONTHS IMMEDIATELY PRECEDING THE
DATE OF THIS NOTICE;

(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 PAYMENT AND
OTHERWISE BE IN GOOD STANDING UNDER YOUR EXISTING LEASE.

IF YOU MEET ALL OF THESE QUALIFICATIONS AND YOU DESIRE AN
EXTENDED LEASE, THEN YOU MUST COMPLETE THE ENCLOSED FORM AND
EXECUTE THE ENCLOSED LEASE AND RETURN THE COMPLETED FORM AND
EXECUTED LEASE TO THE OFFICE LISTED BELOW WITHIN 60 DAYS AFTER
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, THE EXTENDED LEASES
SHALL BE ALLOCATED AS DETERMINED BY THE LOCAL GOVERNING BODY. IF
THE LOCAL GOVERNING BODY FAILS TO PROVIDE FOR ALLOCATION, UNITS
SHALL BE ALLOCATED BY THE DEVELOPER BASED ON SENIORITY BY
CONTINUOUS LENGTH OF RESIDENCE.

DUE TO THE 20 PERCENT LIMITATION YOUR APPLICATION FOR AN
EXTENDED LEASE MUST BE PROCESSED BEFORE YOUR LEASE BECOMES
EFFECTIVE. YOUR LEASE WILL BECOME EFFECTIVE 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 AFTER 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 A COOPERATIVE INTEREST. IF YOU APPLY FOR AND
RECEIVE AN EXTENDED LEASE, YOUR CONTRACT WILL BE VOID. IF YOU DO
NOT RECEIVE AN EXTENDED LEASE, YOUR CONTRACT WILL BE EFFECTIVE
AND YOU WILL BE OBLIGATED TO PURCHASE A COOPERATIVE INTEREST.

IF YOU QUALIFY FOR AN EXTENDED LEASE, BUT DUE TO THE 20
PERCENT LIMITATION, YOUR LEASE IS NOT EFFECTIVE, 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.