Subsection (5) provides that if the consideration is not paid by the deadline set, the crofting community right to buy application will be treated as if it were withdrawn so the bid to acquire the land will fail.

Subsection (6) provides for the disburdening of the land or interest in land subject to the right to buy of any heritable security.

CHAPTER 3 VALUATION OF CROFT LAND

Section 94: Assessment of value of croft land etc.

Subsection (1) requires that Ministers, where they have consented to a crofting community right to buy application, must appoint a valuer to assess the value of that land or an interest in land within 7 days of that consent.

Subsection (2) provides that the validity of the valuation is not affected if Ministers fail to appoint a valuer in the time allowed.

Subsection (3) makes clear that in arriving at his/her valuation the valuer is acting for neither the crofting community body nor the landowner.

Subsection (4) specifies that the value will be the market value at the date Ministers consented to the application to exercise the right to buy.

Subsections (5) and (6) define market value for that purpose.

Subsection (7) states that Ministers shall pay for the valuation under this section.