uuid : 1d6f6295-7d6c-4b4c-8065-136213deec04 templates_id: 119345 templates_uuid: "781c7982-6a98-4f44-abbc-6c2cc22c9381" title: "Declaration of trust beneficial interest - Deed of Trust" display_name: "Declaration of trust beneficial interest" description: "

Make certain all formal details are in order when the legal owners of the property are not the only owners with this declaration of trust. This deed of trust is necessary where for example Mum and Dad are putting up some of the capital for the purchase price of the property. It covers numerous scenarios where the beneficiaries may or may not also live at the property as well as where the required agreement is simple and only concerns the contribution to the purchase price.

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When to use

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Use this deed of trust

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What it covers

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This deed of trust covers

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Further advice

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Ask a lawyer:

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This deed of trust is governed by the law of England and Wales.

\r\n" created_timestamp: "2018-08-29 06:06:06.0" modified_timestamp: "2018-08-29 06:06:06.0" active: true created_by: 102 modified_by: 102 dcm_id: 334 url_slug: "Declaration-of-trust-beneficial-interest" meta_description: "Draft a declaration of trust for your property with simple guidance from Rocket Lawyer. Use this template when the legal owners of the property, \'the trustees\', are not the only owners. Try this deed of trust for free." time_to_complete: "15 minutes"

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Declaration of trust beneficial interest - Deed of Trust

Overview of the Declaration of trust beneficial interest

Make certain all formal details are in order when the legal owners of the property are not the only owners with this declaration of trust. This deed of trust is necessary where for example Mum and Dad are putting up some of the capital for the purchase price of the property. It covers numerous scenarios where the beneficiaries may or may not also live at the property as well as where the required agreement is simple and only concerns the contribution to the purchase price.

When to use

Use this deed of trust

  • when the legal owners of the property, ‘the trustees’, are to be the registered owners but others have contributed to the purchase price and want their interest noted

What it covers

This deed of trust covers

  • where one or two people are buying a property with or without a mortgage, but some of the funds are being provided by one or two others, ‘the beneficiaries’ eg mum and dad are putting up some of the capital and need their interests protected as owners of the property as opposed to being lenders
  • where the beneficiaries may or may not also live at the property
  • where the required agreement is simple and only concerns the contribution to the purchase price
  • the legal ownership of the property and is a legally binding agreement. It should not be used in place of a flat sharing or tenancy agreement for example nor if the parties are not in complete agreement

Further advice

Ask a lawyer:

  • where the beneficiary is intending to live at the property and there is a mortgage. They will not be protected if the property owner fails to pay the mortgage and the property is repossessed.
  • if you need help having this deed noted on the register at the district land registry. Your conveyancer should be able to complete this for you if you give them a copy of your declaration of trust. If the trust is not noted at the registry it would not be known about by a future purchaser and the beneficiary might not be protected

This deed of trust is governed by the law of England and Wales.

Sample Declaration of trust beneficial interest

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