WILLIAM DONALD SCHAEFER, Governor

Ch. 5

DRAFTER'S NOTE:

Error: Stylistic error errors in § 14-2205 of the
Commercial Law Article.

Occurred: Chs. 588 and 589, Acts of 1988.

Article - Corporations and Associations

5-6B-05.

(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.

- 1015 -