SCHEDULE 7SETTLEMENTS
Transfer of land into settlement4
1
A transfer of registered land into settlement must include the following provisions, with any necessary alterations and additions—
The Transferor and the Transferee declare that—
a
the property is vested in the Transferee upon the trusts declared in a trust deed dated (date) and made between (parties),
b
the trustees of the settlement are (names of trustees),
c
the power of appointment of new trustees is vested in (name),
d
the following powers relating to land are expressly conferred by the trust deed in addition to those conferred by the Settled Land Act 1925 M1: (insert additional powers).
or if the tenant for life is a minor and the transferees are the statutory owner—
a
the property is vested in the Transferee as statutory owner under a trust deed dated (date) and made between (parties),
b
the tenant for life is (name), a minor, who was born on (date),
c
the trustees of the settlement are (names),
d
during the minority of the tenant for life the power of appointment of new trustees is vested in the Transferee,
e
the following powers relating to land are expressly conferred by the trust deed in addition to those conferred by the Settled Land Act 1925: (insert additional powers).
2
An application for the registration of a transfer of registered land into settlement must be accompanied by an application for entry of a restriction in Form G, H or I, as appropriate.
3
When the registrar receives the application he must register the transferee named in the transfer as the proprietor of the registered land and enter the appropriate restriction in the register.