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(1)Where a landlord has served an offer notice, he shall not during—
(a)the period specified in the notice as the period during which the offer may be accepted, or
(b)such longer period as may be agreed between him and the requisite majority of the qualifying tenants of the constituent flats,
dispose of the protected interest except to a person or persons nominated by the tenants under this section.
(2)Where an acceptance notice is duly served on him, he shall not during the protected period (see subsection (4) below) dispose of the protected interest except to a person duly nominated for the purposes of this section by the requisite majority of qualifying tenants of the constituent flats (a “nominated person”).
(3)An “acceptance notice” means a notice served on the landlord by the requisite majority of qualifying tenants of the constituent flats informing him that the persons by whom it is served accept the offer contained in his notice.
An acceptance notice is “duly served” if it is served within—
(a)the period specified in the offer notice as the period within which the offer may be accepted, or
(b)such longer period as may be agreed between the landlord and the requisite majority of qualifying tenants of the constituent flats.
(4)The “protected period” is the period beginning with the date of service of the acceptance notice and ending with—
(a)the end of the period specified in the offer notice as the period for nominating a person under this section, or
(b)such later date as may be agreed between the landlord and the requisite majority of qualifying tenants of constituent flats.
(5)A person is “duly nominated” for the purposes of this section if he is nominated at the same time as the acceptance notice is served or at any time after that notice is served and before the end of—
(a)the period specified in the offer notice as the period for nomination, or
(b)such longer period as may be agreed between the landlord and the requisite majority of qualifying tenants of the constituent flats.
(6)A person nominated for the purposes of this section by the requisite majority of qualifying tenants of the constituent flats may be replaced by another person so nominated if, and only if, he has (for any reason) ceased to be able to act as a nominated person.
(7)Where two or more persons have been nominated and any of them ceases to act without being replaced, the remaining person or persons so nominated may continue to act.]
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