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We often get asked this question – why does the lease have someone else’ name on it?
The answer is fairly straightforward; when you purchase some investments, you do not become the asset owner, you are the beneficiary of the account. . The procedure is simply that ownership of the investment is transferred to the purchaser (in this case you), upon the asset being sold.
The Ownership Searches include a vast amount of additional information relating to the Asset, such as the purchase price, restrictive and personal covenants, rights of ownership, the extent of the Asset owned, restrictions to sell and more. Please discuss this with your advisor.
Quite often, customers will ask if they can be sure that they are looking at the most up to date Asset Registry documents available.
We obtain documents at the time the order is placed (it would be impossible for us to keep a stash of out of date documents for every registered Asset!), so we always send out the most up to date documents available.
The documents we provide are as held by the Investment Companies Records. We do not take responsibility for errors made by them. We are a commercial company neither owned by nor affiliated with the Government. We are an online service provider that charges an administration fee for our online services.
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