Ch. 96

LAWS OF MARYLAND

(3)  A LIST OF ALL HOUSEHOLDS RETURNING THE DOCUMENTS
REQUIRED BY SUBSECTION (B) OF THIS SECTION WHICH DO NOT MEET ALL
THE APPLICABLE 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) (I) THE EXTENDED LEASE SHALL PROVIDE FOR A TERM
COMMENCING ON ACCEPTANCE AND TERMINATING NOT LESS THAN 3 YEARS
FROM THE GIVING OF THE NOTICE OF INTENT.

(II) THE INITIAL RATE OF RENT FOR THE EXTENDED
LEASE MAY NOT EXCEED THE AMOUNT REQUIRED TO BE CONTRIBUTED BY THE
HOUSEHOLD FOR RENT UNDER THE HOUSEHOLD'S CURRENT LEASE.

(2)  (I) ANNUALLY, ON THE ANNIVERSARY OF THE
COMMENCEMENT DATE OF THE EXTENDED LEASE, THE RENTAL FEE FOR THE
UNIT MAY BE INCREASED.

(II) THE INCREASE MAY NOT EXCEED AN AMOUNT
DETERMINED BY MULTIPLYING THE AMOUNT REQUIRED TO BE CONTRIBUTED
BY THE HOUSEHOLD FOR ANNUAL RENT FOR THE PRECEDING YEAR BY THE
PERCENTAGE INCREASE FOR THE APPLICABLE U.S. CONSUMER PRICE INDEX,
AS SELECTED BY THE SECRETARY, 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 OF INTENT.

(G)  (1) A DESIGNATED HOUSEHOLD WHICH EXECUTES AN EXTENDED
LEASE UNDER THIS SECTION WHICH IS ACCEPTED THEREAFTER MAY
TERMINATE ITS EXTENDED LEASE AT ANY TIME, WITH NOTICE TO THE
OWNER OR ANY SUBSEQUENT TITLEHOLDER AS FOLLOWS:

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

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

(2) ANY LEASE EXECUTED UNDER THIS SECTION SHALL SET
FORTH THE PROVISIONS FOR TERMINATION CONTAINED IN THIS
SUBSECTION.

(H) IF AN ASSISTED PROJECT WHICH INCLUDES ANY UNITS SUBJECT
TO THE PROVISIONS OF THIS SECTION IS SOLD OR CONVEYED FOLLOWING A
PROTECTED ACTION:

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