HARRY HUGHES, Governor

3275

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.

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 MONTHS' RENT PAYMENT, YOU MUST COMPLETE
AND RETURN THE ENCLOSED FORM WITHIN 60 DAYS AFTER THE DATE OF

THIS NOTICE OR BY ............ (DATE), BUT YOU SHOULD NOT EXECUTE

THE ENCLOSED LEASE.

ALL APPLICATIONS, FORMS, EXECUTED LEASES, AND MOVING EXPENSE
REQUESTS SHOULD BE ADDRESSED OR DELIVERED TO:

(G) THE FAILURE OF A LANDLORD OR OWNER TO GIVE NOTICE AS
REQUIRED BY THIS SECTION IS A DEFENSE TO AN ACTION FOR
POSSESSION.

(H) THIS SECTION DOES NOT APPLY TO A TENANT WHOSE LEASE
TERM EXPIRES DURING THE 180-DAY PERIOD AND WHO HAS GIVEN WRITTEN
NOTICE OF INTENT NOT TO RENEW THE LEASE BEFORE THE NOTICE
REQUIRED BY SUBSECTION (A) OF THIS SECTION IS GIVEN.

(I) A TENANT MAY NOT WAIVE THE RIGHTS UNDER THIS SECTION
EXCEPT AS OTHERWISE PROVIDED UNDER THIS TITLE SUBTITLE.

(J) AT THE EXPIRATION OF THE 180-DAY PERIOD A TENANT SHALL
BECOME A TENANT FROM MONTH-TO-MONTH SUBJECT TO THE SAME RENT,
TERMS, AND CONDITIONS AS THOSE EXISTING AT THE GIVING OF THE
NOTICE REQUIRED BY SUBSECTION (A) OF THIS SECTION, IF THE
TENANT'S INITIAL LEASE HAS EXPIRED AND THE TENANT HAS NOT:

(I)  ENTERED INTO A NEW LEASE;

(II)  VACATED UNDER SUBSECTION (E) OF THIS
SECTION; OR

(III)  BEEN NOTIFIED IN ACCORDANCE WITH
APPLICABLE LAW PRIOR TO THE EXPIRATION OF THE 180-DAY PERIOD THAT
THE TENANT MUST VACATE AT THE END OF THAT PERIOD.

5-6B-06.