Ch. 5

LAWS OF MARYLAND

(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 $375 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
approximately 80 percent of the median income for your county or

standard metropolitan area) for 19__, you are entitled to be

reimbursed up to $750 for moving expenses, as defined in the
Maryland Cooperative Housing Corporation Act, actually and
reasonably incurred. To receive reimbursement for moving
expenses, you must make a written request, accompanied by
reasonable evidence of your expenses, within 30 days after you
move. You are entitled to be reimbursed within 30 days after
your request has been received.

(4)  If you want to move out of your residence before
the end of the 180-day period or the end of your lease, you may
cancel your lease without penalty by giving at least 30 days'
prior written notice. However, once you give notice of when you
intend to move, you will not have the right to remain in your
residence beyond that date.

Section 2

Right to 3-Year Lease Extension or

3-Month Rent Payment for Certain

Handicapped Citizens and Senior Citizens

The developer who converts this residential rental facility
to a cooperative housing corporation must offer extended leases
to qualified households for up to 20 percent of the units in the
residential rental facility. Households which receive extended
leases will have the right to continue renting their residences
for at least 3 years, from the date of this notice. A household
may cancel an extended lease by giving 3 months' written notice
if more than 1 year remains on the lease, and 1 month's written
notice if 1 year or less remains on the lease.

Rents under these extended leases may be increased only once
each year and are limited by increases in the cost of living
index. Read the enclosed lease to learn the additional rights
and responsibilities of tenants under extended leases.

In determining whether your household qualifies for an
extended lease, the following definitions apply:

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