Section 5C — Landlord and Tenant Act 1987: Offer notice: requirements in case of grant or option or right of pre-emption.

Offer notice: requirements in case of grant or option or right of pre-emption. 5C 1 The following requirements must be met in relation to an offer notice where the disposal consists of the grant of an option or right of pre-emption.

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 option or right of pre-emption relates, b the consideration required by the landlord for granting the option or right of pre-emption, and c the principal terms on which the option or right of pre-emption would be exercisable, including the consideration payable on its exercise.

3 The notice must state that the notice constitutes an offer by the landlord to grant an option or right of pre-emption 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.