03-02-2021 09:55 AM
I couldn't find the option for "Change in the Manner of Holding" in Pexa Documents. I have created a workspace in PEXA and included proprietor on title, however there seems like no options for the change in the manner of holding from Joint Tenants to Tenants in Common. I have searched through "Other Documents" as well.
I have also selected :
Will this transaction involve a Transfer?
OR if this transaction involve a Transfer?
09-02-2021 04:57 PM
A change in manner of holding can be done via a Transfer of Land. Simply represent the proprietors on title on the participants screen, create the transfer of land and when selecting the Transferees, you can select the current registered proprietors again, but in their new manner of holding (e.g. if currently registered as tenants in common, you can now select joint tenants).
There is also an option under consideration to change from 'Monetary' to 'Change in Manner of Holding'.
Hope this helps!