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Land Registry title - Tenants in Common
theartfullodger
Posts: 15,715 Forumite
Dear all MSEs..
If this should be posted elsewhere please let me know.
House was owned by a lady & her 2 daughters, all named on Land Registry title (I have copy of it). Lady has now sadly died, her will names the 2 daughters as both executors & to inherit the estate, bar some minor disbursements.
So, after probate, the 2 daughters will be joint owners.. It is a matter of agreement between the daughters that each now "owns" half. Relationships are fine, no issues.
There is no mention on the Land Registry title of the Proprietorship (I'm looking in section
being "Joint Tenants" or "Tenants in Common".
I've found form RX1 on LR web-site.
Questions, please...
a) Does the LR Title record if owners are "joint tenants" or "tenants in common"?
b) (Until probate is granted..) if the 2 daughters wish to ensure, should either die, that "their" half should go to "their" estate rather the other daughter, what should they do to protect their interests??
Regards & thanks in advance
Artful
If this should be posted elsewhere please let me know.
House was owned by a lady & her 2 daughters, all named on Land Registry title (I have copy of it). Lady has now sadly died, her will names the 2 daughters as both executors & to inherit the estate, bar some minor disbursements.
So, after probate, the 2 daughters will be joint owners.. It is a matter of agreement between the daughters that each now "owns" half. Relationships are fine, no issues.
There is no mention on the Land Registry title of the Proprietorship (I'm looking in section
being "Joint Tenants" or "Tenants in Common".I've found form RX1 on LR web-site.
Questions, please...
a) Does the LR Title record if owners are "joint tenants" or "tenants in common"?
b) (Until probate is granted..) if the 2 daughters wish to ensure, should either die, that "their" half should go to "their" estate rather the other daughter, what should they do to protect their interests??
Regards & thanks in advance
Artful
0
Comments
-
a)If it's tenants in common there will be a Form A Restriction noted which will say something like "no disposition by sole proprietor etc...."
b)Their current proportions will go to their respective estates if they are tenants in common. If they are not they need to sever the joint tenancy.0
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