§ 6-9. Opportunity to purchase.

(a) On receipt of offer of sale.

On receipt of the written offer of sale required by § 6-8 {"Offer of sale"} of this subtitle, a tenant shall have 14 calendar days to deliver a written statement of interest to the landlord.

(b) Acceptance of offer of sale.

(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.

(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.

(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.

(2) A landlord shall afford a tenant a reasonable and commensurate extension of time, if:

(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

(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.

(d) 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.