Clause LR14

LR14: Declaration of trust where there is more than one person comprising the tenant

The Tenant is more than one person. They are to hold the Property on trust for themselves as joint tenants or The Tenant is more than one person. They are to hold the Property on trust for themselves as tenants in common in equal shares or The Tenant is more than one person. They are to hold the Property on trust as ...

Complete this clause by deleting the option that does not apply. If there is only one tenant delete all of the statements. If the tenant is a sole proprietor who is also a trustee, use panel LR13 to apply for the appropriate standard restriction.

If option two has been used, Land Registry will enter a Form A restriction in the Proprietorship Register; if option three is completed another appropriate restriction may be entered.

If the clause has not been completed, and there are two or more tenants, Land Registry will enter a Form A restriction 'by default'. A letter informing the applicant that this has been done will be issued with the completed registration.

This is the end of the chapter on completing the clauses.