Under section 14(2) of the Leasehold Reform, Housing and Urban Development Act 1993 (LRHUDA 1993), if a participating tenant assigns their lease to another person, then, provided that a binding contract for the collective acquisition has not been entered into (LRHUDA 1993, s 14(11)), the assignee has 14 days from the date of the assignment to notify the nominee purchaser of the assignment and to state whether or not they wish to participate in the proposed acquisition. Under LRHUDA 1993, s 14(4), where the assignee notifies the nominee