Use this form:
When you are transferring leasehold title of a parcel of land (or Strata Unit) to another person including:
- Third Parties
- Family Members
- Companies
- Trustees
- Transfers where there is no change in beneficial ownership (ie. from an individual to a wholly owned company)
Submission Requirements
In submitting this form you should enclose the following (where applicable):
- Completed submission record, ensuring checklist to the rear of the form is completed
- The consent of the Chargor to the Transfer (if there is a Charge / Mortgage over the Lease)
- The consent of the Landlord / Head Lessee to a the Transfer (if required in Lease)
- Copy of Certificate of Good Standing (companies only)
- Permission to hold property from Minister of Finance (exempt companies only)
- Removal of any Restrictions or Cautions (if required)
- Certified Copies for Caymanian Stamp Duty Concession
- Waiver letter from Minister of Finance (if applicable)
- Chattels List (if deduction for Chattels made)
- Purchase Agreement or Receipt (if ad-valorem Stamp Duty paid on Purchase Agreement)
- Copy of birth/marriage certificates for related parties (if Transfer is for Natural Love & Affection)
- Lease Certificate (if issued)
- Copy of Purchase Agreement, or Declaration that no Purchase Agreement exists
Once signed the Form should be submitted to the Lands & Survey Department within 45 days of first signature, unless signed outside of the Cayman Islands , to avoid the accrual of late submission penalties.
Fees
| Type |
Registration |
Stamp Duty |
| Standard Transaction |
CI $50
(US $60.97) |
It is assumed that possession of the property is being granted upon execution. If this is not the case, please refer to the Stamp Duty Law.
Ad Valorem Duty as applied to a Conveyance, based on the Consideration or Market Value of the property, whichever is higher
|
| Transfer for Natural Love and Affection |
CI $50
(US $60.97) |
CI $50
(US $60.97) |
Forms (Mandatory)
RL Form must be completed in Duplex format. If you do not have a Duplex Printer, print page 1, reinsert the page to the paper tray, and print page 2.
When completing the form ensure that:
- Triplicate (three) copies are prepared (all three copies must be submitted)
- Full names are stated (or as recorded on the existing Register), with signatures witnessed by a Justice of the Peace, Notary Public or member of authorised Land Registry staff, and correctly dated. Notary Public’s whose commissions do not expire must state so on the Registration Form
- Full address is stated for the Purchaser, including postal / zip code
- Amendments are initialed by all parties. The use of correction fluid is not permitted
- The Lease Number is indicated. This will take the form '/1' or similar eg. 14BH 159/123
Information on Specific Transaction Types
- Natural Love and Affection
- For a transaction to be effected by Natural Love and Affection, no consideration (financial or otherwise) must pass
- Property may pass for natural love and affection between:
- Father or Mother to Daughter or Son
- Brother and Sister, providing that they have the same parent
- Grandfather or Grandmother, and Grandson or Granddaughter
- Property may pass between extended family members in a single transaction providing that evidence of the relationship chain can be shown. The Stamp Duty fee shall apply separately to each ‘link’ in the relationship chain. i.e., a Transfer from Uncle to Niece would be considered as Uncle – Mother (CI $50), Mother – Daughter (CI $50). No further Registration Fees would be applied.