When the previously competent local authority was the lessee of the assets made available, the local authority benefiting from the transfer of competencies succeeds to all of its rights and obligations. It is substituted for the previously competent local authority in contracts of any kind that the latter had concluded for the development, maintenance and conservation of the assets made available as well as for the operation of the services. The previously competent local authority acknowledges this substitution and notifies its co-contractors.