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8. Unless the Greater London Council and the transferee authority otherwise agree, section 62 of the Law of Property Act 1925 (which implies certain words in conveyances of land, subject to the terms of the conveyance and the provisions therein contained) shall have effect—
(a)in respect of any property transferred by article 3; and
(b)in respect of any property, being property vested in the Greater London Council, which is affected by the said transfer,
as if the property described in (a) and (b) respectively had been the subject of a conveyance on the relevant date.