Each property owner who takes or intends to take a protected action shall send written notices of intent that comply with the requirements of §§7-201 and 7-202 of the Act and these regulations. The purpose of providing notices of intent is to: Inform appropriate government agencies of the proposed action, and its possible impact on the tenants, and the local stock of affordable housing; Provide the Department with information to determine if the proposed action is legally permissible; Inform assisted households of the proposed actions and their rights in the event federal assistance is discontinued; and If the project is to be sold, afford other parties the opportunity to exercise a right of first purchase in accordance with §§7-204—7-211 of the Act.