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Paragraph 7 Long stop date

Original text. Later amendments are not shown.

(1)

Provision that, if the landlord’s works completion date has not occurred by 16:00 on the last day of a period of six months starting on the date of the tenancy contract (“the long stop date”), and the tenant has not exercised rights provided for under paragraph 6(3), the tenant may—

(a)

at any time after the long stop date (but before the landlord’s works completion date) give written notice to the landlord that, unless the landlord’s works completion date occurs within 20 working days of the receipt of that notice (time being of the essence), the tenant may terminate the tenancy contract;

(b)

if the landlord’s works completion date does not occur within 20 working days of receipt of the notice given by the tenant under paragraph (a), then the tenant may, by further written notice, terminate the tenancy contract with immediate effect and the landlord will be liable to the tenant for the proper costs incurred by the tenant arising out of the auction, and the proposed letting of the premises.

(2)

Provision disapplying conditions 8.1, 8.2.3, 8.2.4(b), 8.2.5 and 8.2.7 in relation to the tenancy contract.