s 5D Offer notice: requirements in case of conveyance not preceded by contract, &c.
(1) The following requirements must be met in relation to an offer notice where the disposal is not made in pursuance of a contract, option or right of pre-emption binding on the landlord. (2) The notice must contain particulars of the principal terms of the disposal proposed by the landlord, including in particular— (a) the property to which it relates and the estate or interest in that property proposed to be disposed of, and (b) the consideration required by the landlord for making the disposal. (3) The notice must state that the notice constitutes an offer by the landlord to dispose of the property 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.