3272                                          LAWS OF MARYLAND                                      Ch. 834

(F) THE NOTICE REFERRED TO IN SUBSECTION (A) OF THIS
SECTION SHALL BE SUFFICIENT FOR THE PURPOSES OF THIS SECTION IF
IT IS IN SUBSTANTIALLY THE FOLLOWING FORM. AS TO RENTAL
FACILITIES CONTAINING FEWER THAN 10 UNITS, "SECTION 2" OF THE
NOTICE IS NOT REQUIRED TO BE GIVEN.

"NOTICE OF INTENTION TO CREATE A
COOPERATIVE HOUSING CORPORATION

....................(DATE)

THIS IS TO INFORM YOU THAT THE RESIDENTIAL RENTAL FACILITY

KNOWN AS .................... HAS BEEN OR MAY BE ACQUIRED BY A

COOPERATIVE HOUSING CORPORATION OR THAT THE CURRENT OWNER OF THE
RESIDENTIAL RENTAL FACILITY HAS OR MAY BECOME A COOPERATIVE
HOUSING CORPORATION IN ACCORDANCE WITH THE MARYLAND COOPERATIVE
HOUSING CORPORATION ACT. YOU MAY BE REQUIRED TO MOVE OUT OF YOUR
RESIDENCE AFTER 180 DAYS HAVE PASSED FROM THE DATE OF THIS
NOTICE, OR IN OTHER WORDS, AFTER ...............(DATE) .

SECTION 1
RIGHTS THAT APPLY TO ALL TENANTS

IF YOU ARE A TENANT IN THIS RESIDENTIAL RENTAL FACILITY AND
YOU HAVE NOT ALREADY GIVEN NOTICE THAT YOU INTEND TO MOVE, YOU
HAVE THE FOLLOWING RIGHTS, PROVIDED YOU HAVE PREVIOUSLY PAID YOUR
RENT AND CONTINUE TO PAY YOUR RENT AND ABIDE BY THE OTHER TERMS
AND CONDITIONS OF YOUR LEASE.

(1)  YOU MAY REMAIN IN YOUR RESIDENCE ON THE SAME
RENT, TERMS, AND CONDITIONS OF YOUR EXISTING LEASE UNTIL EITHER

THE END OF YOUR LEASE TERM OR UNTIL ............... (DATE) (THE

END OF THE 180-DAY PERIOD), WHICHEVER IS LATER. IF YOUR LEASE
TERM ENDS DURING THE 180-DAY PERIOD, IT WILL BE EXTENDED ON THE

SAME RENT, TERMS, AND CONDITIONS UNTIL ...............(DATE) (THE

END OF THE 180-DAY PERIOD). IN ADDITION, CERTAIN HOUSEHOLDS MAY
BE ENTITLED TO EXTEND THEIR LEASES BEYOND THE 180 DAYS AS
DESCRIBED IN SECTION 2.

(2)  YOU HAVE THE RIGHT TO PURCHASE YOUR RESIDENCE
BEFORE IT CAN BE SOLD PUBLICLY. A PURCHASE OFFER DESCRIBING YOUR
RIGHT TO PURCHASE IS INCLUDED WITH THIS NOTICE.

(3)  IF YOU DO NOT CHOOSE TO PURCHASE YOUR RESIDENCE,
AND THE ANNUAL INCOME FOR ALL PRESENT MEMBERS OF YOUR HOUSEHOLD

DID NOT EXCEED ................ (THE INCOME ELIGIBILITY FIGURE

FOR THE APPROPRIATE AREA WHICH EQUALS APPROXIMATELY 80 PERCENT OF
THE MEDIAN INCOME FOR YOUR COUNTY OR STANDARD METROPOLITAN AREA)

FOR 19__, YOU ARE ENTITLED TO RECEIVE $375 WHEN YOU MOVE OUT OF

YOUR RESIDENCE. YOU ARE ALSO ENTITLED TO BE REIMBURSED FOR
MOVING EXPENSES, AS DEFINED IN THE MARYLAND COOPERATIVE HOUSING
CORPORATION ACT, OVER $37 5 UP TO $750 WHICH ARE ACTUALLY AND
REASONABLY INCURRED. IF THE ANNUAL INCOME FOR ALL PRESENT

MEMBERS OF YOUR HOUSEHOLD DID EXCEED ................(THE INCOME

ELIGIBILITY FIGURE FOR THE APPROPRIATE AREA WHICH EQUALS