Land Registration etc. (Scotland) Act 2012 (asp 5)

SCHEDULE 1 S Registered leases tenanted in common

Shared lease and sharing lease title sheets S

6 S The Keeper must enter—

(a) in the property section of the title sheet of each of the sharing leases the title number of the shared lease title sheet,

(b) in the proprietorship section of the shared lease title sheet, the title numbers of the title sheets of each sharing lease.

Commencement Information

I1 Sch. 1 para. 6 in force at 8.12.2014 by S.S.I. 2014/127, art. 2

7 S The Keeper must also enter—

(a) in the property section of the title sheet of each sharing lease, the quantum of the share which the tenant of that sharing lease has in the shared lease,

(b) in the proprietorship section of [F1 the shared lease] title sheet, in relation to the information required by section 7(1)(b), the respective share each sharing lease has in the shared lease,

(c) in the securities section of [F2 that title sheet], a statement to the effect that the shared lease may be subject to a heritable security registered against a sharing lease,

(d) in the burdens section of that title sheet, a statement to the effect that the shared lease may be subject to some other encumbrance so registered.

Textual Amendments

F1 Words in sch. 1 para. 7(b) substituted (8.12.2014) by The Land Registration etc. (Scotland) Act 2012 (Incidental, Consequential and Transitional) Order 2014 (S.S.I. 2014/190), arts. 1(2), 5(a)

F2 Words in sch. 1 para. 7(c) substituted (8.12.2014) by The Land Registration etc. (Scotland) Act 2012 (Incidental, Consequential and Transitional) Order 2014 (S.S.I. 2014/190), arts. 1(2), 5(b)

Commencement Information

I2 Sch. 1 para. 7 in force at 8.12.2014 by S.S.I. 2014/127, art. 2

8 S The Keeper must not enter in or, if entered, must omit from—

(a) the proprietorship section of the shared lease title sheet, the information that would otherwise be required under section 7(1)(a),

(b) the securities section of that title sheet, the information that would otherwise be required under section 8(1) unless the security is over the shared lease only,

(c) that title sheet, any matter that would otherwise be required under section 10(2)(b).

Commencement Information

I3 Sch. 1 para. 8 in force at 8.12.2014 by S.S.I. 2014/127, art. 2

9 S The Keeper may, if the condition mentioned in paragraph 10 is satisfied and the Keeper considers it appropriate, omit from the burdens section of the shared lease title sheet any entry which would otherwise be required under section 9(1).

Commencement Information

I4 Sch. 1 para. 9 in force at 8.12.2014 by S.S.I. 2014/127, art. 2

10 S The condition is that the encumbrance to which the entry would relate is (or falls to be) registered against each of the sharing leases.

Commencement Information

I5 Sch. 1 para. 10 in force at 8.12.2014 by S.S.I. 2014/127, art. 2