423. Water.

Where the land currently has a water abstraction licence under the Water Resources Act 1991, 1enquiries should be raised to confirm whether the benefit of the licence is assignable and, if it is, a condition providing for the licence to be assigned to the buyer should be included in the contract. If the licence relates to only part of the land sold, the buyer will need negotiate an apportionment of the existing licence and this should be detailed in the contract. The buyer must notify the Environment Agency