1226. Compensation for postponement of termination in connection with ineffective claims.

Where, on or after 15 January 1999:

  1.  

    (1)     a tenant1 of any property makes a claim to acquire the freehold or an extended lease of it2; and

  2.  

    (2)     the claim is not made at least two years before the term date3 of the tenancy in respect of which the claim is made ('the existing tenancy'),

the tenant is liable to pay compensation if the claim is not effective4 and:

  1.  

    (a)     the making of the claim caused a notice served on the tenant specifying the date at which a long residential tenancy was to come to an end5 to cease to