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Posted Tue, 26 Dec 2023 13:54:40 GMT by edmond ferdinandus
We are a parnership (medical) 
All parners hold a share in the building. 
When a partner retires their share gets sold to hte incoming partner
How do we change this in the Registry?
Form TR1? But only part idds being transferred?
What fee applies ?
Posted Wed, 27 Dec 2023 09:58:23 GMT by Nimish Patel
Edmond - You would need to use the form TR1.  Whilst only one partner may be leaving and being replaced by a new one, the change affects whole of the title and so others named on the register also need to be involved in the transaction. 

You need to look at the guidance for transfer of whole of title

The transfer of part relates to situations where part of the actual land in the title is being transferred, for example part of the garden

The fees would be calculated based on the value of the transaction where money is changing hands (Scale 1) or the value of the property (Scale 2

I hope this helps. 

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