This section applies in relation to failures to comply with tenant covenants of leases of the whole or any part of the premises.
The RTM company must—
keep under review whether tenant covenants of leases of the whole or any part of the premises are being complied with, and
report to any person who is landlord under such a lease any failure to comply with any tenant covenant of the lease.
The report must be made before the end of the period of three months beginning with the day on which the failure to comply comes to the attention of the RTM company.
But the RTM company need not report to a landlord a failure to comply with a tenant covenant if—
the failure has been remedied,
reasonable compensation has been paid in respect of the failure, or
the landlord has notified the RTM company that it need not report to him failures of the description of the failure concerned.