Maryland Condominium Conversion Notice and Tenant Purchase Offer (Under Ten Units)

Maryland Condominium Conversion Notice and Tenant Purchase Offer (Under Ten Units)

Before sending: Use only for a residential rental facility with fewer than ten dwelling units. Confirm that the proposed condominium has been registered with the Secretary of State under § 11-127. Fill in every bracket in the statutory notice, including the locally applicable income eligibility figure and year. The owner must give this notice and the purchase offer together after registration. Give a copy of the notice and the tenant list to the Secretary of State when giving it to tenants. Deliver by hand to the tenant or by certified mail, return receipt requested, postage prepaid, to the tenant's last known address. Check local conversion and tenant protections.

Date notice and offer are given: [DATE]
To tenant(s): [NAME(S)]
Residence: [UNIT AND ADDRESS]
Owner: [LEGAL NAME AND ADDRESS]
Landlord, if different: [LEGAL NAME AND ADDRESS]
Facility dwelling-unit count: [NUMBER, FEWER THAN TEN]
Secretary of State registration order/reference: [REFERENCE AND DATE]

Notice of intention to create a condominium

NOTICE OF INTENTION TO CREATE A CONDOMINIUM

[DATE]

This is to inform you that the rental facility known as [FACILITY NAME AND ADDRESS] may be converted to a condominium regime in accordance with the Maryland Condominium 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].

Rights that apply to all tenants

If you are a tenant in this 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 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).

(2) You have the right to purchase your residence before it can be sold publicly. A purchase offer describing your right to purchase is required to be included with this notice. If a purchase offer is not included with this notice, the 180–day period that you may remain in your residence does not begin until you receive the purchase offer.

(3) If you do not choose to purchase your unit, and the annual income for all present members of your household did not exceed [APPLICABLE INCOME FIGURE] for [YEAR], 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 Condominium 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 [APPLICABLE INCOME FIGURE] for [YEAR], you are entitled to be reimbursed up to $750 for moving expenses as defined in the Maryland Condominium 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.

Tenant purchase offer, given with this notice

The owner offers the tenant(s) named above the right to purchase the residence identified below. The price and all terms must be at least as favorable as any price or terms offered to another person for that property during the 180-day period after this notice is given.

Property offered: [UNIT; IF THE CURRENT RESIDENCE WILL NOT COINCIDE WITH A UNIT, DESCRIBE THE SUBSTANTIALLY EQUIVALENT PROPERTY OFFERED TO THE EXTENT REASONABLE AND PRACTICABLE; ATTACH PLAN AND DESCRIPTION]
Purchase price: $[AMOUNT]
Deposit and holder: $[AMOUNT]; [HOLDER]
Financing or cash terms: [TERMS]
Included property and exclusions: [TERMS]
Condition, inspections, and contingencies: [TERMS]
Title, closing costs, and adjustments: [TERMS]
Other sale terms and conditions: [TERMS OR ATTACHED OFFER SCHEDULE]
Owner's address for written acceptance: [ADDRESS]

This offer ends on the earlier of (1) the tenant's termination of the lease or (2) 60 days after delivery of this offer. Written acceptance must be delivered to the owner before that end. Settlement cannot be required earlier than 120 days after the tenant accepts. If the tenant qualifies for an extended lease under § 11-137(b), acceptance is contingent on the tenant not receiving an extended lease. A household that does not accept the purchase offer is entitled to the moving-payment or reimbursement rights described above, subject to the statutory income and expense requirements.

Offer delivered: [DATE AND METHOD]
Last date to accept, if lease remains in effect: [DATE]

Owner signature: ____________________ Date: [DATE]
Landlord signature, if different: ____________________ Date: [DATE]

Tenant's written acceptance of purchase offer

I/we accept the offer above, including the completed terms and any attached offer schedule identified here: [ATTACHMENT TITLE AND DATE].

Tenant signature: ____________________ Date: [DATE]
Additional tenant signature: ____________________ Date: [DATE]
Delivered to owner by: [METHOD, DATE, AND RECEIPT DETAILS]

Delivery record

Tenant notice and offer delivered together: ☐ Hand delivery ☐ Certified mail, return receipt requested, postage prepaid
Delivery date or mailing date: [DATE]
Recipient/address or mail tracking: [DETAILS]
Copy of notice and tenant list given to Secretary of State: [DATE AND METHOD]