QLDIn ForceAct
Land Act 1994
sec.503FLapse of offer
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### sec.503F Lapse of offer
An offer to convert the lease to freehold is valid for 3 months.
An offer must be accepted in writing.
If an offer is not accepted or rejected in writing within the stated time, the offer lapses.
The Minister, before or after the offer lapses, may extend the time stated in the offer.
s 503F ins 1997 No. 41 s 5
(sec.503F-ssec.1) An offer to convert the lease to freehold is valid for 3 months.
(sec.503F-ssec.2) An offer must be accepted in writing.
(sec.503F-ssec.3) If an offer is not accepted or rejected in writing within the stated time, the offer lapses.
(sec.503F-ssec.4) The Minister, before or after the offer lapses, may extend the time stated in the offer.