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Ownership v Proprietorship (Scotland)
PoGee
Posts: 769 Forumite
What's the difference between ownership v proprietorship on Scottish Land Registry title deeds? If one person owns a residential property outright - is that a proprietorship?
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Generally speaking the owner and the proprietor are one and the same but there could be a situation e.g. sequestration where the proprietor is different from the owner.PoGee said:What's the difference between ownership v proprietorship on Scottish Land Registry title deeds? If one person owns a residential property outright - is that a proprietorship?0 -
The "proprietor" in a Land Register title sheet is the person who owns the legal interest defined by that title sheet - if that interest is "ownership" then they "own" the property in the generally-understood way. But some titles are leasehold, in which case the "proprietor" of the registered interest is the tenant.0
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Thank you for replies. My residence says 'ownership' and a rental 'proprietorship'. Rental was 1st residence. Both mortgages paid off. I called land registry who weren't very helpful with providing an answer.
We don't have leasehold properties in Scotland, even if the property is a flat.1 -
We don't have (many) residential leasehold properties, but there are plenty of commercial properties on long leases which are registered.PoGee said:Thank you for replies. My residence says 'ownership' and a rental 'proprietorship'. Rental was 1st residence. Both mortgages paid off. I called land registry who weren't very helpful with providing an answer.
We don't have leasehold properties in Scotland, even if the property is a flat.
Section B of the title sheet is headed "Proprietorship", but that means the proprietor of the property interest described in Section A. Which is going to be "ownership", unless you're looking at a Land Certificate issued before whatever date they changed it from "proprietor".0
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