Types of transfers you can prepare in Landonline
Transfer of ownership you can prepare in Landonline include:
- Full transfer (Simple mode)
- Transfer as to shares or interests (Complex mode)
- Transfer only part of the land (Complex mode)
- Transfer a mortgage or other interest (Instrument mode).
The details of the registered owner will not display for affected titles subject to a withholding direction (hidden title).
Entering names in transfers
Only the transferee names should be entered in the name fields. Other information such as 'transferees no survivorship' should be entered by selecting Complex mode and using the Additional Clauses, Conditions or Intent fields.
You need to use a separate line for each transferee. For example, if there were 2 companies to be displayed as the new registered owners then for the second name you would add a row and enter the company name in the Corporate Name field on the blank row.
Corporate names
Corporate names should be entered in full into the Corporate Name field only. Corporate names are any names other than a private individual, such as names recorded at the Companies Office, Crown entities, councils, banks, His Majesty the King.
By default, individual names are displayed in the transferee section. When dealing with a corporate transferee select the corporate icon to change the name of the field to corporate.
Dealing with titles with different ownership
If you need to transfer ownership of titles that don't have common ownership, for example, you're changing a trustee of multiple trusts, you'll need to add individual transfer instruments for each unique ownership combination.
If you need to transfer a mortgage or other interest on titles that don't have common ownership, this can be done using Instrument mode.
Transfer a lease
To transfer a lease in Landonline you should first conduct a search to see whether the lease has an associated Leasehold, Cross Lease or Composite Title. This will be apparent from the title for the fee simple estate.
If a Leasehold, Cross Lease or Composite Title exists in respect of the lease you can prepare a standard transfer instrument for the title and use either Simple or Complex mode to complete the transfer.
If a Leasehold, Cross Lease or Composite Title does not exist in respect of the lease:
- Make a Title Correction Prevents Registration request, for a title to be created for the lease.
- Once the new title has been issued, prepare a standard transfer of that title in a dealing using either Simple or Complex mode to complete the transfer.