2Landlord’s right to require compensation in respect of extinction of casualty
(1)Where a casualty is extinguished by virtue of section 1 of this Act, a landlord may, not later than one year after the day on which this Act received Royal Assent, give written notice to the tenant—
(a)requiring the tenant to pay to him compensation calculated in accordance with section 3 of this Act; and
(b)specifying the amount of compensation required as calculated by him; and the tenant shall be liable to pay such compensation.
(2)Any error in a calculation under paragraph (b) of subsection (1) above shall not affect the validity of the notice under that subsection.
(3)For the purposes of this section, “tenant” means the person who, on the relevant day, has the interest of tenant in the relevant lease.