A relevant land right1 does not operate or become exercisable as a result of a transfer of land2. If a relevant land right would have operated in favour of a person or become exercisable by him3, but the circumstances are such that4 the right cannot subsequently operate in his favour or become exercisable by him (as the case may be), just compensation is payable to him by the person to whom the land is transferred or the person transferring it (or both) in respect of the right's extinguishment5. A dispute about whether
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