Section 5A — Landlord and Tenant Act 1987: Offer notice: requirements in case of contract to be completed by conveyance, &c.

Offer notice: requirements in case of contract to be completed by conveyance, &c. 5A 1 The following requirements must be met in relation to an offer notice where the disposal consists of entering into a contract to create or transfer an estate or interest in land.

2 The notice must contain particulars of the principal terms of the disposal proposed by the landlord, including in particular—

a the property, and the estate or interest in that property, to which the contract relates, b the principal terms of the contract (including the deposit and consideration required).

3 The notice must state that the notice constitutes an offer by the landlord to enter into a contract on those terms which may be accepted by the requisite majority of qualifying tenants of the constituent flats.

4 The notice must specify a period within which that offer may be so accepted, being a period of not less than two months which is to begin with the date of service of the notice.

5 The notice must specify a further period of not less than two months within which a person or persons may be nominated by the tenants under section 6.

6 This section does not apply to the grant of an option or right of pre-emption (see section 5C).