SCHEDULE 7Compensation for grant of rights
Payment of compensation and determination of disputes6
1
Amounts of compensation determined under this Schedule is payable—
a
if the person to whom the rights were granted and the grantor or creditor in a standard security agree that a single payment is to be made on a specified date, on that date;
b
if the person to whom the rights were granted and the grantor or such a creditor agree that payment is to be made in instalments at different dates, on the date agreed as regards each instalment; or
c
in any other case, subject to any direction of the Lands Tribunal for Scotland as soon as reasonably practicable after the amount of the compensation has been finally determined.
2
Any question of disputed compensation must be referred to and determined by the Lands Tribunal for Scotland.
3
In relation to the determination of any such questions, sections 9 and 11 of the 1963 Act (procedures on reference to the Lands Tribunal and expenses) apply as if—
a
the reference in section 9(1) of the 1963 Act to section 8 were a reference to sub paragraph (1) above; and
b
references in section 11 of the 1963 Act to the acquiring authority were references to the person to whom the rights were granted.