§ 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.