Where a tenant1 having a right2 to acquire the freehold gives the landlord3 notice4 of his desire to have it, the procedure for giving effect to the notice and the rights and obligations of all parties in relation to the investigation of title and other matters arising in giving effect to the notice are5 such as may be prescribed by regulations; and, subject to or in the absence of provision made by any such regulations as regards any matter, the parties' rights and obligations are, as nearly as may be, the same as in the case of a contract
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