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Part Share Transfer

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Part Share Transfer

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Maria13
Maria13
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on ‎14-09-2020 01:29 PM

on ‎14-09-2020 01:29 PM

Part Share Transfer

Existing Ownership:  A - 7/10th share

                                     B & C - 3/10th share (joint)

                                     as tenants in common

 

A to transfer 1/10th share (of the whole) to B & C.

 

Proposed new ownership:  A - 6/10th 

                                                B & C - 4/10th (joint)

                                                as tenants in common

 

(1)  Can this be done on PEXA?

(2)  How to prepare Transfer on PEXA:

       (a)  Either A transfers a 1/10th share to B & C; or

       (b)  ABC transfer the whole of their interest to 

                      A as to a 6/10th share

                      B & C as to a 4/10th share (as joint tenants)

                      as tenants in common

(3)  Will any issue arise with EDR stamping and PEXA?

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