Additional Land Registry data is also available on the platform including:
Title Ownership records – Identifies the primary title owner(s), including the company or business name and contact details.
Title Ownership Category – Identify the ownership type for any registered title based on a key highlighting: Company, Corporate Body, Housing Association, and Local Authority-owned land and property.
Price Paid Data – Achieved property prices from residential sales, illustrating sale data going back up to 10 years, including sqft, EPC value, property type and tenure.
Dhaka Land Registry holds information on land ownership for both company and privately owned land, the title deeds for which can now be purchased directly through our interactive map search on Bhumi Office. Our Introductory guide to Title Deeds outlines what exactly title deeds are, why they are important, and how to purchase them through Bhumi Office.
For a comprehensive report that includes critical insights on a registered title, use Dhaka Bhumi Office Research tool to generate a Property Report. This will include a summary of official title information including the title number, class of title, and acreage. Your property and land report will also include local area insights, climate and environmental considerations, terrain and energy information as well as ownership, valuation, and planning information. A series of data tips are also put in place to answer some commonly asked questions and ensure that you make the most of each property and land report.
When searching, it is possible to access various parts of the title deeds, to verify property & land owner details. Documents available include the:
- Title Register
- Title Summary
- Title Plan
The Title Register includes:
- the title number
- the registered address i.e. the postal address
- the registered owner
- what they paid for it (properties only, if available)
- any rights of way
- whether a mortgage on it has been ‘discharged’, for example paid off
The Title Summary includes:
- the title number
- who owns it
- what they paid for it
- whether the property is freehold or leasehold (known as ‘tenure’)
- the lender’s name and exact address (if there is a mortgage on the property)
The Title Plan is a map showing:
- the property’s location
- the general legal boundaries – there’s usually no record of exact boundaries
What if a piece of land or property is not registered?
Land Registry is aiming for a comprehensive land registry by 2030. Currently, only 85% of land in England and Wales is registered. Land owned by the Government, aristocracy and Khash often has not been sold, which is usually the process that triggers the registration of unregistered land.
Finding property ownership details and accessing land registry title deeds on unregistered parcels of land can be a lot harder but is not impossible. Checking adjoining land title ownership can serve as a clue, as can country and local authority records. Local authorities may also have it on record the previous owner if the plot has ever had a planning application form filled out for it; by law applicants have to sign, so they’ll be a public record of either a certificate A to say they are the property owner or a certificate B which will say they have served notice on the current owner, therefore stating who owns the plot of land.
7 types of ownership in real estate: Which is best for you?
What does “property ownership” entail?
Property ownership goes beyond merely acquiring real estate and registering it under one’s name. It encompasses various forms and structures, each with its unique practical, financial and legal implications. Depending on the chosen type of ownership, individuals may encounter different estate planning challenges and tax liabilities. It’s essential to understand these nuances, as they can significantly impact future events, including inheritance or tax assessments. Keep in mind that these are just suggestions, and your situation might call for something else. If you’re unsure which property type will work best, explore your options with a real estate attorney.
1. Sole ownership
Type of owner: individuals as the name implies, sole ownership is when an individual is the only property owner. Since they are the only owner, they don’t require anyone’s consent to sell, lease or transfer the property to another person. Property owned by a sole owner is sent into probate when the owner dies until the will is validated.
Pros:
- You have complete control over all the decisions related to the property.
Cons:
- The probate process can be costly and time-consuming, making transferring real estate to your heirs complicated during an already stressful and emotional time, especially if your heir cannot afford the property and needs to sell it.
2. Joint tenancy with rights of survivorship
Type of owner: married couples, The most common form of property ownership for married couples is joint tenancy with rights of survivorship, which awards both parties undivided ownership. Both parties have equal liability and financial responsibility for the property, including the cost of upkeep and repairs, as well as equal rights to access the property. In JTWROS, one owner may sell or transfer their portion of the property without the consent of the other owner.
Pros:
- When one owner dies, the property passes immediately to the remaining owner without going to probate.
Cons:
- If one owner has unpaid debts, a creditor can legally force a sale to recoup their money.
- One party cannot will their share to another heir, such as a child.
3. Tenants by the entirety (TBE)
Type of owner: married couples Married couples may instead opt to own property as tenants by the entirety, which is the same as JTWROS, except an owner can do nothing with their ownership portion without consent from their spouse, since the couple is legally considered one entity. Divorce will automatically change the ownership agreement to tenants in common.
Pros:
- If one spouse is ordered to sell the property to pay off debt, the other spouse must be reimbursed their ownership interest.
4. Community property
Type of owner: The real estate ownership type classifies any property obtained by a spouse during marriage as “community property” — that is, owned by both spouses, even if the property is only listed in the name of one spouse. This includes all real estate purchases made during the marriage.
- Both spouses have equal rights to the property and must consent to a sale or transfer of the property.
Cons:
- This law makes any real estate obtained during marriage subject to sale by a debt collector to pay off a debt, even if the debt is only in one spouse’s name.
5. Owning trust
Type of owner: minor children or adult with disabilities. An owning trust entrusts the care and management of a property to a trustee acting on behalf of someone else, usually a child or an adult with special needs. A living trust is established while the original owner (also called a trustor or grantor) is still alive. The trustor names the beneficiary as the owner of the property, but until the trustor’s death, they also serve as the trustee. The property remains in the beneficiary’s name, but a new trustee is selected (usually named by the trust) to keep the property out of probate. Pros:
- An owning trust allows your property to stay out of probate when you die while also protecting your home from creditors.
Cons:
- Establishing an owning trust can be a complex and expensive process.
6. Tenancy in common (TIC)
Type of owner: unrelated multiple owners of a single property. When owning property as a tenancy in common, each tenant has a separate deed for their presentation of the property. For example, four owners might divide ownership into four equal shares, or one owner may own half while the other three each own one-sixth of the property. Each tenant is allowed to sell, will or otherwise transfer their ownership share without the permission of the other owners since they lack survivorship rights. When a tenant dies, their ownership passes into probate before being transferred to any named heirs.
Pros:
- You can add owners at any time to minimize your portion of the mortgage, taxes and maintenance costs.
Cons:
- A tenant can sell or will their share in the property to whomever they want, without the consent of the other tenants.
- If one tenant stops paying their portion of the mortgage and taxes, the other tenants in common are responsible for making up the difference.
7. Owning partnership/LLC or co-ownership
Type of owner: unrelated multiple owners of a single property. Properties can be organized into a limited liability corporation (LLC) and multiple owners can purchase ownership shares in that LLC. This form of property co-ownership protects the owners and maintains more privacy than a tenancy in common since their personal finances are separated from the LLC. An owner can sell their share in the LLC without content from the other shareholders at any time. Owners can create the LLC by doing it themselves or use a third party co0 like Pacaso.
Pros:
- Properties owned by an LLC aren’t taxed directly, so you may see significant annual tax savings.
- LLCs allow you to own a property with other people like TIC, but with legal protection in the event of an accident on your property.
- Your name is not associated with the property, just the name of the LLC, making it more private than a traditional home purchase.
Cons:
- Creating and maintaining an LLC requires contracts and other costs that can be overwhelming on your own.
ExpoTech Properties Ltd always works with our respected landowners as development partners to achieve the highest possible value and most profitable return of the property over its lifetime. ExpoTech ensures construction integrity, effective planning, architectural aesthetics, features and facilities that will be appreciated throughout the industry.
If you are interested to develop your property with ExpoTech, please fill up the following form to help us to make a preliminary assessment of the development potentials and several options for your valued piece of land.
Property Information Form
9 Tips for Successfully Letting Your Property (And Securing a Good Tenant)
So, you’re looking to acquire a new investment property? Depending on the type of property you are looking for, whether that be a new-build or an existing property, it’s important to understand what good tenants look for in the current climate. Tenants’ needs are changing and it’s important to align with those needs to ensure you attract the right tenants. Read our top tips for successfully letting your property below.
What do tenants look for?
Whilst the property that you add to your investment portfolio is ultimately your choice, the post-pandemic world has given Buy-to-Let investors a number of new considerations.
Location, Location, Location
This well-known phrase has never been more paramount. With working from home set to stay the norm for many, lots of tenants are no longer required to leave their home for work purposes. Ultimately, they can now live pretty much anywhere they want. Whilst location has always been important, it’s now important in a different way. Generally, a lot tenants are now looking to lay down roots in a more suburban location on the outskirts of the city centre – allowing them to travel into town when needed, but giving them a more peaceful and overall less hectic lifestyle.
Outdoor Space
Outdoor space has recently become a non-negotiable factor for many tenants. Having spent months inside during various lockdowns, the need for some private outdoor space – whether that be in the form of a balcony, private garden or communal green space – is really important. Access to outdoor space is key in promoting good mental and physical health and so sits top of the priority list for many tenants.
Parking
Whilst parking can often be hard to come by, it’s worth purchasing a parking space with your property if possible. Many new-build developments will have parking available to purchase at an additional cost whilst existing properties will often have residential parking available with a permit. By not offering some form of parking, you will ultimately attract less prospective tenants.
Local Amenities
Being within walking distance of great local amenities has always been a high priority for tenants. Having the ability to quickly pop to the shops or enjoy a stroll to a local restaurant is not only convenient but can also add value to your property.
There is undeniably a correlation between the proximity of local amenities such as a supermarket and house prices. A study by Lloyds Bank found that properties located close to a Waitrose supermarket, dubbed the “Waitrose Effect”, can significantly increase property value. But it’s not just the proximity to Waitrose that can impact the value of your property. Being local to almost any supermarket can push the value up by £21,500 on average. If you choose to purchase in an up-and-coming location, you could enjoy a healthy ROI in years to come.
Appliances & White Goods
Whilst it’s not mandatory to provide white goods within your rental property, it certainly makes sense to do so. Most private rental accommodation generally comes with white goods such as a fridge/freezer, washing machine, microwave and a dishwasher included. Although these goods are costly to obtain, they should see you through many tenancies for years to come.
All of our new homes come complete with appliances and white goods. Explore our range of properties.
Furnishing Your Buy-to-Let Property
If you’re keen to let your property as soon as possible, then furnishing your rental property should help you attract tenants. You may also be able to obtain a higher rental income depending on the standard of the set up. You’re more likely to attract overseas tenants, short-term tenants and those in search of a weekday pad for work reasons with a fully-furnished property.
Explore our fully-furnished properties or read about what is included in a Galliard Homes furniture pack.
Give It Some TLC
A lick of paint is an inexpensive yet very effective way of presenting your property to the rental market in a positive way. By decorating in neutral colours you will not only create the illusion of a larger space but also attract more prospective tenants. Bright colours or heavy patterns can be very off-putting to tenants so it’s important to put your personal tastes to one side and stick with a neutral scheme. If your rental property is carpeted then maintaining or replacing the carpet between tenancies is crucial. It’s normal to expect general wear and tear of interior décor during tenancies so giving your rental property a little TLC before you welcome new tenants will certainly help you let your property successfully.
On-site Amenities
Developments with on-site amenities are being seen more and more in recent years. The growing popularity of having lifestyle facilities under one roof can often warrant a rental premium. Gym memberships cost on average £40 per month, so it is definitely appealing to tenants when they find a potential property that offers this inclusive of their monthly rent. Other luxuries such as an on-site concierge service, private cinema and hot desk facilities are also a great bonus to tenants.
Those in search of a home that benefits from common areas, concierge, health and fitness facilities should look at Arefin Tower. A prime example of a development that offers an all-encompassing lifestyle experience, Westgate House in Ealing has a wealth of on-site amenities available to residents.
