Subject to section 142A, a secure tenantclaims to exercise the right to acquire on rent to mortgage terms by written notice to that effect served on the landlord.
The notice may be withdrawn at any time by notice in writing served on the landlord.
On the service of a notice under this section, any notice served by the landlord under section 140 or 141 (landlord's notices to complete purchase in pursuance of right to buy) shall be deemed to have been withdrawn; and no such notice may be served by the landlord whilst a notice under this section remains in force.
Where a notice under this section is withdrawn, the tenant may complete the transaction in accordance with the provisions of this Part relating to the right to buy.