sec.4BAcceptance of offer to convert

sec.4B Acceptance of offer to convert

The lessee of a residential lease may accept an offer to convert during the availability period for the offer. The lessee must accept the offer to convert by— paying the purchase price to the chief executive; and giving the chief executive all documents required to surrender the lease; and complying with the conditions stated in the offer. If the lessee does not accept the offer to convert within the availability period— the offer lapses at the end of the period; and subject to division 3 , a subsequent conversion application or offer to convert may be made in relation to the lease. s 4B ins 2005 No. 46 s 14 (sec.4B-ssec.1) The lessee of a residential lease may accept an offer to convert during the availability period for the offer. (sec.4B-ssec.2) The lessee must accept the offer to convert by— paying the purchase price to the chief executive; and giving the chief executive all documents required to surrender the lease; and complying with the conditions stated in the offer. (sec.4B-ssec.3) If the lessee does not accept the offer to convert within the availability period— the offer lapses at the end of the period; and subject to division 3 , a subsequent conversion application or offer to convert may be made in relation to the lease.

• (a) paying the purchase price to the chief executive; and
• (b) giving the chief executive all documents required to surrender the lease; and
• (c) complying with the conditions stated in the offer.
• (a) the offer lapses at the end of the period; and
• (b) subject to division 3 , a subsequent conversion application or offer to convert may be made in relation to the lease.