1381. Tenants' claim to be defeated in certain cases where landlord intends to redevelop.

Where the reversioner1 in respect of the specified premises2 has given a counter-notice3 which states that an application is to be made for an order on the grounds that he intends to redevelop the whole or a substantial part of those premises4, the court5 may, on the application of any appropriate landlord6, by order declare that the right to collective enfranchisement7 is not exercisable in relation to those premises by reason of that landlord's intention to redevelop the whole or a substantial part of the premises8.

The court may not make such an order unless it is satisfied:

  1.  

    (1)     that