SCHEDULE 7SETTLEMENTS
Registered land bought with capital money6
1
Where registered land is acquired with capital money the transfer must be in one of the forms prescribed by rule 206 and must include the following provisions, with any necessary alterations and additions—
The Transferee declares that—
a
the consideration has been paid out of capital money,
b
the Property is vested in the Transferee upon the trusts declared in a trust deed dated (date) and made between (parties),
c
the trustees of the settlement are (names of trustees),
d
the power of appointment of new trustees is vested in (name),
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: (set out additional powers).
2
An application for registration of the transfer must be accompanied by an application for entry of a restriction in Form G, H or I, as appropriate.