Add To - PI Shares - Sift Instructions
The case characteristic “Add To – PI Shares” relates to the situation where an additional ownership interest is being added to a registered title. For example:
How will I recognise pro-indiviso shares?
Important: the application type will be FA or VA in all examples.
What about other characteristics?
You may notice other characteristics in the application – for example TCA1, minerals, or Title Number in Burdens. These points will all have been considered in full when the original PI share was registered, so there’s no need to add those characteristics again at this stage.
What else do I need to know?
Not every disposition which mentions pro-indiviso shares is an FA. Sometimes the whole of a property might be bought or sold in pro-indiviso shares. One example of this might be where a married couple have contributed differing amounts to the purchase of their home. For example:
Patricia owns a flat in Tobermory. She has owned it for over 40 years, and her title is still in the sasine register.
Cassie and Robin are buying Patricia’s flat. They will both contribute equally to the mortgage but Cassie has paid the deposit by herself, so their solicitor has advised them to buy the flat in unequal shares. Cassie is to purchase a 57.5% share of the flat. Robin is buying the other 42.5% share.
Patricia grants the disposition in pro-indiviso shares – 57.5% to Cassie, 42.5% to Robin.
The whole flat is being transferred from the sasine register to the land register so the disposition doesn’t quote any title numbers. Instead, there is a single sasine reference which applies to both pro-indiviso shares.
This is not an “Add To” application so there is no need to record the PI shares as a case characteristic.