A transfer under section 253 shall be on terms specified in, or determined in accordance with, the requirement.
The price shall be not less than an amount certified by the district valuer as the amount the property would fetch if sold by a willing seller to another registered provider.
The terms shall include provision as to the payment of any debts or liabilities in respect of the land (whether or not secured on it).
A requirement to transfer land may be imposed only with the Secretary of State's consent (both as to the transfer and the terms).
Where land is transferred to the regulator under section 253(2)(a)—
the regulator may dispose of it only to a registered provider, and
if it is transferred by a non-profit registered provider, the regulator may dispose of it only to a non-profit registered provider.