Land registration document

[RedDawg]

Looking at a house.

on the land registry document it says the following, what does it mean?

RESTRICTION: no disposition by a sole proprietor of the registered estate (except a trust corporation) under which capital money arises to be registered unless authorised by an order of the court.

It means it can't be sold without a court order.

No it doesn’t. It means that it’s jointly owned and they both need to sell it. If only one is selling it they need a court order.

It means that the property is held jointly under a tenancy in common rather than a joint tenancy. eurochick is wrong.

If one person dies then in order to sell it the remaining owner must appoint a further trustee. In practice someone will obtain probate.

In the normal course of events buth owners remain living and at point of sale both are party to the transfer deed.

Thankyou everyone, I will let the solicitors sort if we go ahead with the purchase ☺️