HARRY HUGHES, Governor

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THE CRITERIA OF SUBSECTION (B) OF THIS SECTION AND COPIES OF THE
NOTIFICATIONS SENT TO THESE HOUSEHOLDS UNDER SUBSECTION (D) OF
THIS SECTION; AND

(4) A LIST OF ALL HOUSEHOLDS AS TO WHOM A LEASE HAS
BECOME EFFECTIVE.

(F)  (1) THE EXTENDED LEASE SHALL PROVIDE FOR A TERM
COMMENCING ON ACCEPTANCE AND TERMINATING NOT LESS THAN 3 YEARS
FROM THE GIVING OF THE NOTICE REQUIRED BY § 5-6B-05 OF THIS
SUBTITLE.

(2)  ANNUALLY, ON THE COMMENCEMENT DATE OF THE
EXTENDED LEASE, THE RENTAL FEE FOR THE UNIT MAY BE INCREASED.
THE INCREASE SHALL NOT EXCEED AN AMOUNT DETERMINED BY MULTIPLYING
THE ANNUAL RENT FOR THE PRECEDING YEAR BY THE PERCENTAGE INCREASE
FOR THE RENT COMPONENT OF THE U.S. CONSUMER PRICE INDEX FOR URBAN
WAGE EARNERS AND CLERICAL WORKERS (CPI - W) (1967 = 100), AS
PUBLISHED BY THE U.S. DEPARTMENT OF LABOR, FOR THE MOST RECENT
12-MONTH PERIOD.

(3)  EXCEPT AS THIS SECTION OTHERWISE PERMITS OR
REQUIRES, THE EXTENDED LEASE SHALL CONTAIN THE SAME TERMS AND
CONDITIONS AS THE LEASE IN EFFECT ON THE DAY PRECEDING THE GIVING
OF THE NOTICE REQUIRED BY § 5-6B-05 OF THIS SUBTITLE.

(G)  A DESIGNATED HOUSEHOLD WHICH EXERCISES ITS RIGHTS UNDER
THIS SECTION MAY NOT BE DENIED AN OPPORTUNITY TO PURCHASE A
COOPERATIVE INTEREST AT A LATER DATE, IF ONE IS AVAILABLE.

(H) (1) A DESIGNATED HOUSEHOLD WHICH EXECUTES AN EXTENDED
LEASE UNDER THIS SECTION WHICH IS LATER ACCEPTED MAY NOT
TERMINATE ITS EXTENDED LEASE UNDER § 5-6B-05 OF THIS SUBTITLE.

(2)  A DESIGNATED HOUSEHOLD MAY TERMINATE ITS EXTENDED
LEASE AT ANY TIME, WITH NOTICE TO THE DEVELOPER OR ANY
SUBSEQUENT TITLEHOLDER AS FOLLOWS:

(I)  AT LEAST A 1-MONTH PRIOR NOTICE IN WRITING
SHALL BE GIVEN WHEN LESS THAN 12 MONTHS REMAIN ON THE LEASE; AND

(II)  AT LEAST A 3-MONTHS' PRIOR NOTICE IN
WRITING SHALL BE GIVEN WHEN 12 MONTHS OR MORE REMAIN ON THE
LEASE.

(3)  A LEASE EXECUTED UNDER THIS SECTION SHALL SET
FORTH THE PROVISIONS FOR TERMINATING CONTAINED IN THIS
SUBSECTION.

(I) (1) THE COOPERATIVE INTERESTS WITH RESPECT TO UNITS
SUBJECT TO THE PROVISIONS OF THIS SECTION MAY BE TRANSFERRED TO A
PERSON WHO IS NOT A MEMBER OF THE DESIGNATED HOUSEHOLD, PROVIDED
THAT: