C2.2.1 Prepare a Transfer: Combination Proprietorship


C2.2.1 Prepare a Transfer: Combination Proprietorship

 

To prepare a Transfer to a Combination of Joint Tenants and Tenants in Common:

Prepare Transfer screen.
  1. Select the Transfer in the Create Dealing screen and click Prepare. to open the Prepare Transfer screen.
  2. Review the Transferors' names. Check the Change Due to Pending Dealing box to edit the names.
  3. Select Combination as the type of proprietorship.
    • You can select Sole or Joint Tenants or Tenants in Common at this point.
  4. In the Transferees area.
    • Enter the Transferee's name.
    • Click Add to insert additional rows in the Transferees area.
    • Check the Joint check box for everyone in that joint tenancy.
    • Enter the share in the Share of Whole Title column for any tenant in common (shares must be shown as a fraction).
    • Click Alias/Other. to add an alias, name suffix or show transferee as a minor.
  5. Check the Fencing Covenant check box if it is a contractual requirement.
  6. Click Display Resulting Ownership to check the transfer will have the intended effect.
  7. Click Save and Close to save the Transfer.

Note: To restore pre-populated names in the Transferors' section of this screen click Restore

Pre-validate before clicking Save and Close. This will check that all mandatory fields have been completed.

Fields marked with a red * are mandatory and must be completed.

 

Examples of a Combination proprietorship:

diagram of a combination proprietorship


transferees screen