Transmission Application - TIC - Surviving Tenant Beneficiary

[Kiera]

I refer to the above and require advice on the Transmission of one half share as follows;

1. The surviving proprietor (SP) is receiving the deceased proprietor’s (DP) half share;
2. The parties own the property as Tenants in Common in Equal Shares;
3. The end result should be that the SP is the Sole Registered Proprietor;
4. The property must be transferred as a beneficiary.

We have been advised that creating a Transmission Direct to Beneficiary will result in the SP being a tenant in common with herself, and that her name will be listed on title twice. Has anyone had experience with this and is there any way around this happening, and what steps need to be taken?

[Thanh]

Hi @Kiera 

Completing a Transmission Direct to Beneficiary who is also a party on title in their own right, will merge to a Sole Proprietor once the Transmission Direct to Beneficiary is registered with LRS.

Please contact our Support Team on 1300 084 515 for more information.