RecDoc2022-081041 1231 Warren St. #105

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Transfer, the Home and prior to listing of the Home on the Multiple Listing Service. The Owner's Notice of Intent to Transfer shall be sent to the City by certified mail, return receipt requested at the address provided in Section 31 of this Agreerilent. The Owner's Notice of Intent to. Transfer, shall include the information necessary for the City to determine the Maximum Allowable Resale:Price of the Home, including the following inf6rmation: (1) the address of the Home; (2) the date of purchase of the Home by the Owner; (3) the purchase price of the Home paid, by, the Owner at the time of his/her purchase; (4) the date on which Owner intends to vacate Home; (5) the date the Home will be placed on the inarket; and (6) the name and phone number of the person to contact to schedule inspection of the Home by the City. B. Following delivery to the City of the Owner's Notice of Intent to Transfer, the Owner shall prepare the Home for sale, as follows: (1) within thirty (30) days of delivery of the Owner's Notice of Intent to Transfer, the Owner shall obtain and deliver to the City a current written report of inspection of the Home by a licensed structural pest control operator; (2) within the sooner of (a) sixty (60) days from the date of delivery of the Owner's Notice of Intent to Transfer, or (b) two weeks prior to close of escrow on the Transfer, the Owner shall repair all damage noted in the pest report including damage caused by infestation or infection by wood -destroying pests; (3) within thirty (30) days of the date of the :Owner's Notice of Intent to Transfer,, the Owner shall allow the City to inspect the Home to determine its physical condition and, if requested by the City, following, such inspection, the Owner shall obtain and deliver to the City, a home inspection report prepared by a licensed home inspector; and (4) if the Home is vacant, the Owner shall maintain utility connections until the close of escrow on the Transfer. 8. CITY RESPONSE TO OWNER'S NOTICE OF INTENDED TRANSFER City shall respond in writing (the "First City Response Notice") to the Owner's Notice ,of Intent to Transfer within fifteen (15) business days after the f6howing have been received by the City: (1) A complete Owner's Notice of Intent to Transfer that includes all information required under Section 7A above, and (2) the pest control report and- home inspection report (if any) required pursuant to Section 7B above. The First City Response Notice shall provide the Owner with the following information: (1) the maximum qualifying REV: 06-30-22 SK A7rY/AGR.2022.166/Hugo Alberto Zarco Vargas & Andrea Vergara Cardenas (Page 9 of 40)