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Help I'm filling in a JO land registry form!

jacand
Posts: 562 Forumite

Any help would be appreciated. We've been sent the JO Land Registry form and I'm not sure which box on section 5 to select.
We want to be Joint owners so that if one of us dies the property will automatically go to the other. However, there are two options for this and I don't know what the difference is -
First is -The joint owners declare that they are to hold the property on trust for themselves alone as joint tenants.
Or is it- The joint owners are to hold the property
I've been on the Land Registry site but cannot find anything about what the difference is.
We want to be Joint owners so that if one of us dies the property will automatically go to the other. However, there are two options for this and I don't know what the difference is -
First is -The joint owners declare that they are to hold the property on trust for themselves alone as joint tenants.
Or is it- The joint owners are to hold the property
I've been on the Land Registry site but cannot find anything about what the difference is.
0
Comments
-
The 2 options in common parlance are:
- Joint Tenants
- Tenants in Common
Joint Tenants is the one where the survivor gets the property regardless of any will.You might as well ask the Wizard of Oz to give you a big number as pay a Credit Referencing Agency for a so-called 'credit-score'0 -
Yeah I have only selected the two options for the Joint Tenants, as we don't want to be Tenants in common I just did not include this.
My question is which out of the given two do we choose? To hold the property on trust for themselves or hold the property?
I hope this makes sense, I'm tearing my hair out here.0 -
These are the full options -
The Joint Owners declare that they are to hold the property
on trust for themselves alone as joint tenants
The Joint Owners declare that they are to hold the property
on trust for themselves alone as tenants in common in equal
shares
The Joint Owners declare that they hold the property on trust
for themselves alone as tenants in common in the following
unequal shares: (complete)
The Joint Owners are to hold the property: (complete)
So out of the options given it is going to be Joint Tenants but I don't know which one top or bottom?0 -
The bottom one is effectively to fill in other options such as holding the property in trust for others or whatever you write in. So you don't want that. You want Joint Tenants, ie the first. But do take appropriate professional advice.You might as well ask the Wizard of Oz to give you a big number as pay a Credit Referencing Agency for a so-called 'credit-score'0
-
Thanks for you help, I feel better now. I was beginning to get very stressed about it and I could not find the details to look it up. Thanks so much for replying.0
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