A surrender is carried out for two (2) main reasons:
- To perform a Subdivision on a previously registered title.
- To change the Lease Class of a previously registered title (E.g. Residential to Commercial).
Based on the flowchart below, 2 Steps are skipped from 'Preparation of Consent to Transfer' directly to 'Consent is signed by declared Custom Owner or Lessor' if the lease in question is not disputed or urban land.
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Preparation of Consent to Surrender.
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Consent is lodged at the Lands Department.
Processing Fees: 3,375VT |
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Consent is lodged for Ministerial Approval.
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Consent is signed by declared Custom Owner or Lessor.
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Surrender documents are prepared and signed by both parties.
Private Sector Fees:5000vt |
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Surrender to be certified by a Lands Officer or Commissioner of Oaths.
Certification fees (For Lands Dept): 11,250vt |
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Documents are lodged at the Financial Services Commission for Stamping.
Fees: VT 1000 |
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Surrender to be signed by Minister of Lands.
(When Land is Government Owned). |
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