(a) Along with the notice of intent, the owner shall deliver to each assisted household:
(1) an application form on which the assisted household may include the information required by § 7-214(a) of this subtitle;
(2) an extended lease form for a designated household that contains the terms required by this subtitle and clearly indicates that the lease will be effective only if:
(i) the assisted household executes and returns the lease form within 60 days after the giving of the notice of intent; and
(ii) the assisted household is allocated one of the units made available to designated households, based on its ranking under § 7-214(b) of this subtitle and the number of assisted households executing and returning leases; and
(3) a notice that sets forth the rights and obligations of the assisted household under the provisions of this subtitle concerning extended leases for designated households.
(b) Within 75 days after the giving of the notice of intent, the owner shall notify each assisted household that submits the documentation required by § 7-214 of this subtitle:
(1) whether the household meets the standards of § 7-214 of this subtitle, or, if not, an explanation of which standards have not been met; and
(2) whether the extended lease has become effective.
(c) (1) (i) An extended lease for a designated household shall be for a term beginning on acceptance and ending at least 3 years after the giving of the notice of intent.
(ii) The initial periodic rent for the extended lease may not exceed the amount the household is required to contribute for rent under the household’s current lease.
(2) The periodic rent may be increased only on the anniversary of the assisted household’s extended lease, and the increase may not exceed the product of the amount the household must contribute for periodic rent for the preceding year multiplied by the percentage increase for the U.S. Consumer Price Index that the Secretary selects for the most recent 12-month period.
(3) Except as otherwise provided in this section, the extended lease shall contain the same terms and conditions as the lease in effect on the day before the giving of the notice of intent.
Structure Maryland Statutes
Housing and Community Development
Division I - Housing and Community Programs
Title 7 - Assisted Housing Preservation Act
Subtitle 2 - Protected Actions
Section 7-201 - Notice of Intent -- Required
Section 7-202 - Notice of Intent -- Contents
Section 7-203 - Prerequisites for Taking Protected Action
Section 7-204 - Right of First Purchase -- Offer
Section 7-205 - Right of First Purchase -- Terms; Appraisal; Price Adjustment
Section 7-206 - Sale or Conveyance if Owner's Offer Is Not Accepted
Section 7-207 - Additional Required Notices
Section 7-208 - Covenants as to Use of Property
Section 7-209 - Right of First Purchase -- Assignment
Section 7-210 - Right of First Purchase -- Political Subdivisions and Housing Authorities
Section 7-211 - Right of First Purchase -- No Application to Plan of Action
Section 7-212 - Tenant Protection Assistance
Section 7-213 - Designated Household
Section 7-214 - Extended Leases for Designated Households -- in General
Section 7-215 - Extended Leases for Designated Households -- Sale or Conveyance of Assisted Project
Section 7-216 - Extended Leases for Designated Households -- Application
Section 7-217 - Extended Leases for Designated Households -- Additional Notice
Section 7-218 - Termination by Designated Household