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<baltimore-city-law heading="§ 6-9 Opportunity to purchase.">
  <section prefix="§" num="6-9" heading="Opportunity to purchase.">
    <para num="(a)" heading="On receipt of offer of sale.">On receipt of the written offer of sale required by &lt;cite data-path="|13|6|2|6-8"&gt;§  6-8 {“Offer of sale”}&lt;/cite&gt; of &lt;cite data-path="|13|6"&gt;this subtitle&lt;/cite&gt;, a tenant shall have 14 calendar days to deliver a written statement of interest to the landlord.</para>
    <para num="(b)" heading="Acceptance of offer of sale.">
      <para num="(1)">The tenant may accept the offer of sale by submitting a written contract within 14 calendar days from the date of the submission of the statement of interest.</para>
      <para num="(2)">The contract must include substantially the same terms and conditions set forth in the any third-party contract of sale, including any contract term that provides for a reasonable real estate commission.</para>
    </para>
    <para num="(c)" heading="Settlement; Financing.">
      <para num="(1)">In order for the tenant to secure financing, any contract of sale shall provide a reasonable period of no less than 30 days between the execution of the contract and settlement.</para>
      <para num="(2)">A landlord shall afford a tenant a reasonable and commensurate extension of time, if:<para num="(i)">the tenant is obtaining financing through a government or other loan program designed for low- or moderate-income persons or first-time homebuyers; and</para>
        <para num="(ii)">the government agency or other lender estimates in writing that a financing decision will be made within 60 calendar days after the date of the contract.</para>
      </para>
    </para>
    <para num="(d)" heading="Expiration.">If 6 months elapses from the date the landlord has delivered the written offer of sale required by § 6-8  {“Offer of sale”} to a tenant and the landlord has not gone to settlement on the sale of the rental  dwelling unit, the landlord shall send a new written offer of sale to the relevant parties before selling the rental  dwelling unit.</para>
    <annotation type="History" />
    <annotation type="History" />
  </section>
</baltimore-city-law>
