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Monetary consideration narrates a cash incentive

Monetary consideration narrates a cash incentive

Created by RPT Admin (Unlicensed)
Oct 01, 2020
1 min read

Occasionally you might encounter a disposition which narrates a cash incentive as part of the consideration, for example

In consideration of a sum of THREE HUNDRED AND SIXTEEN THOUSAND POUNDS (316,000) STERLING which price includes a cash incentive of a seller paid deposit in the sum of FIFTEEN THOUSAND EIGHT HUNDRED POUNDS (15,800) STERLING giving a net price payable of THREE HUNDRED THOUSAND AND TWO HUNDRED POUNDS (£300,200)

Instructions for dealing with this type of consideration have been added to the manual as part of the Proprietorship Section Entries page.

Registers of Scotland (RoS) seeks to ensure that the information published in the 2012 Act Registration Manual is up to date and accurate but it may be amended from time to time.
The Manual is an internal document intended for RoS staff only. The information in the Manual does not constitute legal or professional advice and RoS cannot accept any liability for actions arising from its use.
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