Before a residential rental property may be offered for sale to the public or a third party, including through a listing for sale, the owner of the property shall send each tenant of the property a written notice of the tenant’s right to deliver an offer to purchase the property. A notice sent to a tenant under this chapter shall be delivered by: First-class U.S. Mail, with a certificate of mailing; or A delivery service providing delivery tracking and confirmation. The owner shall send a copy of a notice sent to a tenant under this chapter to the Office by a submission form on the Office’s website. The owner shall notify the Office by submission form on the Office’s website if: A tenant delivers a timely written offer to purchase the property that contains the same or more favorable material terms as those contained in the notice sent under this chapter; A tenant fails to make an offer to purchase in response to the notice sent under this chapter within the time prescribed by law; A tenant affirmatively declines to make an offer to purchase the property; A tenant fails to make a timely response to, or rejects, a counteroffer made by the owner under Real Property Article, §8-119(c)(5)(ii), Annotated Code of Maryland; or A tenant accepts a counteroffer made by the owner under Real Property Article, §8-119(c)(5)(ii), Annotated Code of Maryland.