Section 37

A licence in respect of anything transferred by property transfer instrument shall continue to have effect despite the transfer. A property transfer instrument may disapply subsection (1) to a specified extent. Where a licence imposes rights or obligations, a property transfer instrument may apportion responsibility for exercise or compliance between transferor and transferee. In this section “licence” includes permission and approval and any other permissive document in respect of anything transferred.

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Source: legislation.gov.uk · retrieved 2026-09-04