SCHEDULE 4LAND TRANSFERS WHEN A SCHOOL CHANGES CATEGORY
Identification of property, rights and liabilities16
1
The transferor and the transferee must arrive at such written agreements, and execute such other instruments, as are necessary or expedient to identify or define the property, rights and liabilities transferred to the transferee or retained by the transferor, or for making any such arrangements as are mentioned in paragraph 15 as will afford to the transferor and the transferee as against one another such rights and safeguards as they may require for the proper discharge of their respective functions.
2
Any such agreement may provide so far as it is expedient—
a
for the granting of leases and for the creation of other liabilities and rights over land whether amounting in law to interests in land or not, and whether involving the surrender of any existing interest or the creation of a new interest or not;
b
for the granting of indemnities in connection with the severance of leases and other matters;
c
for responsibility for registration of any matter in any description of statutory register.
3
If and to the extent that he is requested to do so by the transferor or the transferee, the adjudicator may—
a
assist the transferor, the transferee and any other interested person in identifying or defining the property, rights and liabilities transferred to the transferee or retained by the transferor;
b
advise such persons as to the terms of any agreement or instrument falling to be made under sub-paragraph (1) above;
c
assist such persons to negotiate any such agreement or instrument and mediate in any such negotiations;
d
prepare drafts of any such agreement or instrument; and
e
assist the parties in executing and giving effect to any such agreement or instrument.
4
Any transfer of any estate or interest in land under these Regulations (whether by virtue of an agreement or instrument entered into before or after the implementation date) is to be regarded as having taken place on the implementation date.