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    Declaration of Trust

    Uploaded by

    rachel.coxlyden
    This document declares that two individuals, the First Owner and Second Owner, hold a property as tenants in common with fixed unequal shares rather than as joint tenants. The First Owner holds [NUMBER]% share and the Second Owner holds the remaining [NUMBER]% share. The owners agree to apply to register this declaration of fixed shares with the land registry or endorse it on their title conveyance.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Declaration of Trust

    Uploaded by

    rachel.coxlyden
    6 views6 pages
    This document declares that two individuals, the First Owner and Second Owner, hold a property as tenants in common with fixed unequal shares rather than as joint tenants. The First Owner holds [NUMBER]% share and the Second Owner holds the remaining [NUMBER]% share. The owners agree to apply to register this declaration of fixed shares with the land registry or endorse it on their title conveyance.

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    Original Title

    Declaration-of-Trust.docx

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    This document declares that two individuals, the First Owner and Second Owner, hold a property as tenants in common with fixed unequal shares rather than as joint tenants. The First Owner holds [NUMBER]% share and the Second Owner holds the remaining [NUMBER]% share. The owners agree to apply to register this declaration of fixed shares with the land registry or endorse it on their title conveyance.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    6 views6 pages

    Declaration of Trust

    Uploaded by

    rachel.coxlyden
    This document declares that two individuals, the First Owner and Second Owner, hold a property as tenants in common with fixed unequal shares rather than as joint tenants. The First Owner holds [NUMBER]% share and the Second Owner holds the remaining [NUMBER]% share. The owners agree to apply to register this declaration of fixed shares with the land registry or endorse it on their title conveyance.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 6

    Full name: Declaration of trust by individuals as tenants in common (fixed shares).

    DATED

    ------------

    DECLARATION OF TRUST

    between

    FIRST OWNER

    and

    SECOND OWNER
    CONTENTS
    CLAUSE

    1. Declaration of trust..........................................................................................................1
    2. Registration OR Endorsement.........................................................................................1
    3. [Additional provisions.....................................................................................................1
    THIS DEED is dated [DATE]
    PARTIES
    (1) [INDIVIDUAL NAME] of [INDIVIDUAL ADDRESS] (First Owner).
    (2) [INDIVIDUAL NAME] of [INDIVIDUAL ADDRESS] (Second Owner).
    BACKGROUND
    (A) On [DATE] the property known as [BRIEF DESCRIPTION] [registered at HM Land
    Registry under title number [NUMBER] OR as comprised in a conveyance/lease of that date
    made between [PARTIES]] (the Property) was [transferred/conveyed/leased] to the First
    Owner and the Second Owner to hold on trust for themselves as [joint tenants OR tenants in
    common].
    (B) [[The joint tenancy of the Property has been severed OR The First Owner and the
    Second Owner wish to sever the joint tenancy with effect from the date of this deed.]]
    (C) The First Owner and the Second Owner wish to declare the extent of their respective
    beneficial interests in the Property.

    1. DECLARATION OF TRUST

    The First Owner and the Second Owner [agree to sever their joint tenancy of the
    Property with effect from the date of this deed and] declare that they hold the
    Property on trust for themselves as tenants in common in [equal shares OR the
    following proportions:]
    (a) [[NUMBER] % for the First Owner; and]
    (b) [[NUMBER] % for the Second Owner.]

    2. REGISTRATION OR ENDORSEMENT

    The First Owner and the Second Owner agree to [apply to HM Land Registry for the
    entry of a standard form [A] [and] [B] restriction against the title to the Property OR
    endorse a memorandum of this declaration on the [conveyance OR lease] to
    themselves].

    3. [ADDITIONAL PROVISIONS

    [INSERT ADDITIONAL PROVISIONS SUCH AS AN EXPRESS TRUST FOR


    SALE OR ANY LIMITATIONS OR RESTRICTIONS ON THE TRUSTEES'
    POWERS.]]

    This document has been executed as a deed and is delivered and takes effect on the date stated
    at the beginning of it.

    1
    Signed as a deed by [NAME OF .......................................
    FIRST OWNER] in the presence
    of: [SIGNATURE OF FIRST
    ....................................... OWNER]
    [SIGNATURE OF WITNESS]
    [NAME, ADDRESS [AND
    OCCUPATION] OF WITNESS]

    Signed as a deed by [NAME OF .......................................


    SECOND OWNER] in the
    presence of: [SIGNATURE OF SECOND
    ....................................... OWNER]
    [SIGNATURE OF WITNESS]
    [NAME, ADDRESS [AND
    OCCUPATION] OF WITNESS]

    2
    3
    4

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