Transferring a share to an existing registered owner

When LINZ registers a transfer by the holder of a share in land to another shareholder in the same land, this will result in the transferee being recorded in the record of title as ownerof separate shareholdings, unless the transferee requests otherwise.

If the transferee wishes to be recorded as the owner of the combined shareholding, the transferee should include a request or recital to that effect in the transfer.

In the absence of such a recital LINZ cannot assume that shares are to be combined in these circumstances as the owner may have valid reasons for wanting their ownership of each shareholding to be recorded separately (e.g. for family trust or estate planning purposes).

If the transferee does not include such a recital in the share transfer, and then wishes to be recorded as the owner of the combined shareholding, it will be the transferee's responsibility to lodge a further transfer to achieve that result.

Last Updated: 12 November 2018