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Remember those bogus land transfer deeds five years ago?
In either case collect the transfer deed duly executed by the seller.
It will depend on the wording of the transfer deed that induces the registration.
Before Watergate, Presidents donated their papers as personal property, imposing access restrictions in transfer deeds of gift.
This can produce a large tax liability for a borrower already facing an economic loss, leaving defaulting borrowers unwilling to transfer deeds back to lenders.
Demat account holders also avoid stamp duty (as against 0.5 per cent payable on physical shares) and filling up of transfer deeds.
A transfer deed is a document used in conveyancing in England and Wales to transfer real property from its legal owner to another party.
Somewhat more recently the City of Antlers has asserted its ownership, pointing to legal documents signed by historical society officers which, in part, transfer deed to the city.
For example, in regard to property, the 1838 BW provided that the registration of a transfer deed was a precondition of ownership passing in real property.
HM Land Registry requires that prescribed forms are used for transfer deeds, and these are available from the Registry's website, as well as from law stationers.
It is best to obtain a complete set of office copies, to include any transfer deed that may be filed at the Land Registry and a copy of the filed plan.
In preparing a transfer deed, it is important to check whether the buyers are to hold the property in trust for themselves as joint tenants or as tenants in common.
If you are acting for a mortgagee as well as for a buyer or borrower, then you prepare the mortgage deed at the same time as the transfer deed.
Since Richmond River Shire gained control over the airport in 1992, its future has been threatened several times by residential developments approved by council but in breach of the transfer deeds which state:
Nowadays, most transfer deeds are not required for very long, because the information contained on them is simply transferred onto the Register at HM Land Registry, and the deed then becomes superfluous to requirements.
The buyers should sign the transfer deed before the sellers, but if this is not achieved because of shortage of time, it is again becoming increasingly common practice for the buyers to sign after completion.
(b) Registered title Clearly, upon the completion of the purchase of a registered title, the main task is to collect the charge or land certificate of the seller, together with a signed transfer deed.
Almost every transaction can now be completed by the use of a transfer deed, and this means that the use and the art of preparing a conveyance deed will slowly become obsolete over the next few years.
Ten days after Neville Pickering's funeral, Zouga signed the transfer deeds to the Devil's Own claims, and watched while one of Rhodes" secretaries registered them in favour of the Central Diamond Company.
This will record any restrictive covenants that may be set out in full in the body of the certificate or may more commonly be referred to in a transfer deed, which may be sewn into the back of the certificate.
The most simple and straightforward situation is where land is already registered, and in nine times out of ten, a simple pro forma transfer deed can be used to effect the transfer of the interest, whether it be freehold or leasehold.
The death of a co-owner of a tenants in common (TIC) deed will have a heritable portion of the estate in proportion to his ownership interest which is presumed to be equal among all tenants unless otherwise stated in the transfer deed.
The transfer deed of 1474/5 mentions that the plot had gardens and orchards, while Richard Churche's will of 1592 describes the property as having "gardens meadowe dovehouse stable & buyldings" and an orchard is also mentioned in the 1691 rate book.
Method: while transfer of shares is brought about by delivery of a proper instrument of transfer (viz, transfer deed) duly stamped and executed, transmission of shares is done by forwarding the necessary documents (such as a notarised copy of death certificate) to the company.
On 1 April 1941, the Government of the Punjab transferred 1,963 acres (7.9 km2) situated in Rakh, Kot Lakhpat Tehsil, District, Lahore and the transfer deed was registered with the Sub-Registrar, Lahore, on 25 April 1941.