Disposition (Scots law)

A disposition in Scots law is a formal deed transferring ownership of corporeal heritable property. It acts as the conveyancing stage as the second of three stages required in order to voluntarily transfer ownership of land in Scotland. The three stages are:

  1. The Contractual Stage (The Missives of Sale)
  2. The Conveyancing Stage
  3. The Registration Stage

In the conveyancing stage of the transfer of ownership of land, a formal document called a disposition, is created and subscribed by the Disponer (the person granting the disposition or 'the Seller') and the Disponee (the person receiving the disposition or 'the Buyer'). Example dispositions are available to view on the Property Standardisation Group website.

This article is issued from Wikipedia. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.