18Shared plot and sharing plot title sheetsS
(1)The Keeper must enter—
(a)in the property section of the title sheet of each of the sharing plots, the title number of the shared plot title sheet,
(b)in the proprietorship section of the shared plot title sheet, the title numbers of the title sheets of each of the sharing plots.
(2)The Keeper must also enter—
(a)in the property section of the title sheet of each sharing plot, the quantum of the share which the proprietor of that sharing plot has in the shared plot,
(b)in the proprietorship section of the shared plot title sheet, in relation to the information required by section 7(1)(b), the respective share each sharing plot has in the shared plot,
(c)in the securities section of that title sheet, a statement to the effect that the shared plot may be subject to a heritable security registered against a sharing plot,
(d)in the burdens section of that title sheet, a statement to the effect that the shared plot may be subject to some other encumbrance so registered.
(3)The Keeper must not enter in or, if entered, must omit from—
(a)the proprietorship section of the shared plot 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 plot only,
(c)that title sheet, any matter that would otherwise be required under section 10(2)(b).
(4)The Keeper may, if the condition mentioned in subsection (5) is satisfied and the Keeper considers it appropriate, omit from the burdens section of the shared plot title sheet any entry which would otherwise be required under section 9(1).
(5)The condition is that the encumbrance to which the entry would relate is (or falls to be) registered against each of the sharing plots.
Commencement Information
I1S. 18 in force at 8.12.2014 by S.S.I. 2014/127, art. 2