Landlord and Tenant (Consolidation) Ordinance

(1)
This section applies if a landlord of a first term tenancy for a subdivided
                unit serves a second term offer in Form AR1 (
served Form
) on the
                tenant within the offer period under
section 120AAS
.
(2)
The tenant may accept the second term offer any time before the expiry of the
                first term tenancy.
(3)
If the tenant accepts the second term offer, the tenant must notify the
                landlord of the tenant’s acceptance in the served Form containing the offer by
                signing the served Form and serving it on the landlord before the expiry of the
                first term tenancy.
(4)
If the tenant disagrees with the landlord on the proposed amount of rent for
                the second term tenancy, the tenant may negotiate with the landlord for the amount
                before accepting the second term offer.
(5)
If, after the negotiation, the landlord agrees to revise the proposed amount of
                rent for the second term tenancy, the landlord must sign against the revised amount
                of rent as shown on the served Form.
(6)
If the tenant accepts the second term offer at the revised amount of rent, the
                tenant
must—
(a)
sign against the revised amount of rent as shown on the served Form;
                    and
(b)
serve the served Form on the landlord before the expiry of the first term
                    tenancy.