Section 5E — Landlord and Tenant Act 1987: Offer notice: disposal for non-monetary consideration.

Offer notice: disposal for non-monetary consideration. 5E 1 This section applies where, in any case to which section 5 applies, the consideration required by the landlord for making the disposal does not consist, or does not wholly consist, of money.

2 The offer notice, in addition to complying with whichever is applicable of sections 5A to 5D, must state—

a that an election may made under section 8C (explaining its effect),

and b that, accordingly, the notice also constitutes an offer by the landlord, which may be accepted by the requisite majority of qualifying tenants of the constituent flats, for a person or persons nominated by them to acquire the property in pursuance of sections 11 to 17.

3 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.