Respective shares in, and capacity in relation to, the premises
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| Short Description: |
The shares and capacity being held by the
parties in relation to the premises affected, e.g. joint tenants,
tenants-in-common in equal shares etc.
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| Quick Tips: |
- For instrument registered on the ownership side, the capacity of the Assignees must be entered into the memorial.
- If the capacity is stated in the memorial, it must be identical to the one stated in the instrument.
- If the capacity of the Assignees is tenants-in-common, the share of the Assignees e.g. 1/3 & 2/3 should also be stated in the memorial.
| FAQ: |
| Q1: |
Should the capacities of Vendor be entered into the memorial e.g.
joint tenants/tenants-in-common in equal shares? |
| A: |
It is not a must. However, if the vendor's capacity is stated in
the memorial, it should be the same as the instrument & the land
records.
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| Q2: |
Should we insert the Assignee's capacity to the memorial for instrument
registered under the incumbrances e.g. Agreement for Sale & Purchase? |
| A: |
Normally, it is not a must. However, it depends on the nature of
the instrument. For example, in case of Deed of Severance or instrument
of similar nature, the capacity and the share of the Assignees should
be stated in the memorial.
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| Q3: |
Will the Land Registry accept registration of a Provisional Agreement
for Sale and Purchase even though the capacity of the Purchasers is
not stated in the instrument and memorial? |
| A: |
Yes. However, for an Assignment, it will be withheld
from registration for clarification if the capacity and share of the
Purchasers are not stated in the instrument and / or memorial.
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