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<baltimore-city-law heading="§ 6-8 Offer of sale.">
  <section prefix="§" num="6-8" heading="Offer of sale.">
    <para num="(a)" heading="In general">Prior to offer the rental single-family dwelling unit for sale to another party, a landlord shall provide a written offer of sale to:<para num="(1)">the tenant within the rental dwelling unit; and</para>
      <para num="(2)">the Commissioner, on behalf of the Mayor and City Council.</para>
    </para>
    <para num="(b)" heading="Contents of offer of sale.">
      <para num="(1)" heading="In general.">The offer of sale required by this section shall include:<para num="(i)">the asking price and the material terms of sale; and</para>
        <para num="(ii)">a statement that the landlord shall provide the tenant, within 7 calendar days of a request, the following:<para num="1.">a complete copy of any third-party contact to purchase the rental single-family dwelling unit, with the purchaser name redacted; and</para>
          <para num="2.">copies of available licensing inspection reports of the rental single-family dwelling unit for the previous 2 years.</para>
        </para>
      </para>
      <para num="(2)" heading="Delay.">For each calendar day of delay by the landlord to provide the information required by subsection (b)(1)(ii) of this section, the time period for the tenant to express interest in purchasing the rental single-family dwelling unit or to negotiate a contract with the landlord for the purchase of the rental single-family dwelling unit, as the case may be, shall be extended by 1 day.</para>
    </para>
    <para num="(c)">Additional Information
The landlord shall share the fact sheet regarding tenant rights under this section, which can be obtained from the Department of Housing and Community Development’s office or website.</para>
    <para num="(d)" heading="Changes after notice of sale.">
      <para num="(1)" heading="“Material change” defined.">In this subsection, “material change” means:<para num="(i)">a change in the purchaser under a third-party contact; or</para>
        <para num="(ii)">a reduction in the sales price of 10% or more.</para>
      </para>
      <para num="(2)" heading="In general">
        <para num="(i)">If there is a subsequent third-party contract after the initial offer of sale was transmitted that results in a material change or if the terms of a third-party contract to purchase the rental dwelling unit materially change between the time an offer of sale is made and the settlement, the landlord shall provide the tenant with a new offer of sale reflecting the new terms.</para>
        <para num="(ii)">If the initial time period to indicate interest has expired, the tenant shall have all rights preserved under this subtitle except that the period to indicate interest in purchasing the rental single-family dwelling unit under the revised terms of sale may not exceed 7 calendar days from the date of receipt of the new offer of sale.</para>
      </para>
      <para num="(3)" heading="Sale price increase.">A landlord is not required to provide a new offer of sale if there is an increase in the sale price.</para>
    </para>
    <annotation type="History" />
    <annotation type="History" />
    <annotation type="History" />
  </section>
</baltimore-city-law>
