1382. Applications where terms in dispute or contract not entered into.

Provision is made for cases where the parties fail to agree on the terms of the acquisition or where terms are agreed but no contract is entered into.

Accordingly, where the reversioner1 in respect of the specified premises2 has given the nominee purchaser3 a counter-notice4 or further counter-notice5 but any of the terms of acquisition6 remain in dispute at the end of the period of two months beginning with the date on which the counter-notice or further counter-notice was so given, the appropriate tribunal7 may, on the application of either the nominee purchaser8 or the reversioner, determine the matters in