1In this Part of this Schedule—
"the consideration payable" means the consideration payable to the new' landlord for the disposal by him of the property referred to in section 12(4);
"the new landlord" has the same meaning as in section 12, and accordingly includes any person to whom that section applies by virtue of section 16(2) or (3); and
"the nominated person" means the person or persons nominated as mentioned in section 12(1).