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5.—(1) This regulation provides for the specified time for the purposes of section 12(2)(b) of the Act(1) where A intends to sell a green deal property or a lease of such a property at a written bids auction or an oral and written bids auction.
(2) Except where paragraph (3) or (4) applies, the specified time is whichever is the earlier of—
(a)the time B views the green deal property; or
(b)where the property is to be sold by—
(i)written bids auction, the time when A requires written bids to be submitted to A or an agent; or
(ii)oral and written bids auction, the time when the process of making oral bids at the auction commences.
(3) Where B becomes a prospective buyer by virtue of making a written bid, the specified time for the purposes of section 12(2)(b) of the Act is—
(a)as soon as practicable after A or an agent receives B’s bid; but
(b)before the bid is accepted.
(4) Where B becomes a prospective buyer by virtue of making an oral bid, the specified time for the purposes of section 12(2)(b) of the Act is before the bid is accepted.
Section 12(2)(b) requires a seller, prospective landlord or licensor to provide the document produced or updated under section 8(4) to a prospective buyer, tenant or licensee at a specified time. A document produced or updated under section 8(4) is one which includes information in connection with a green deal plan.
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