Download The Property Handbook - Presbyterian Church of ...
Download The Property Handbook - Presbyterian Church of ...
Download The Property Handbook - Presbyterian Church of ...
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PAGE ›› 6<br />
THE PROPERTY HANDBOOK<br />
Status <strong>of</strong> this handbook<br />
<strong>The</strong> <strong>Property</strong> <strong>Handbook</strong> is provided for guidance only. <strong>The</strong> formal and binding<br />
requirements <strong>of</strong> property transactions are detailed in the legal documents identified. If<br />
there is any doubt, consult your parish’s solicitor.<br />
Explanation <strong>of</strong> Terms<br />
attestation clause<br />
Certificate <strong>of</strong> Title<br />
church council<br />
<strong>Church</strong> <strong>Property</strong> Trustees<br />
execution<br />
fiduciary duty<br />
instrument <strong>of</strong> transfer<br />
Joint Regional Committee<br />
Formal statement describing the manner in which<br />
a legal document is signed. <strong>The</strong> attestation clause<br />
for documents executed by the <strong>Church</strong> <strong>Property</strong><br />
Trustees reads:<br />
“<strong>The</strong> Common Seal <strong>of</strong> <strong>The</strong> <strong>Presbyterian</strong> <strong>Church</strong><br />
<strong>Property</strong> Trustees was hereunto affixed and these<br />
presents signed by two <strong>of</strong> the said Trustees”.<br />
Record which identifies a specific property by legal<br />
description, registered location, size and the owner.<br />
Records <strong>of</strong> properties are now electronically recorded<br />
by LINZ (Land Information New Zealand).<br />
Governing body <strong>of</strong> a congregation. It may be called a<br />
session or parish council or other name.<br />
Shortened form <strong>of</strong> <strong>The</strong> <strong>Presbyterian</strong> <strong>Church</strong> <strong>Property</strong><br />
Trustees. Often abbreviated to CPT.<br />
Act <strong>of</strong> formally signing a legal document. For<br />
<strong>Church</strong> property matters, this is done by affixing<br />
the Common Seal <strong>of</strong> <strong>The</strong> <strong>Presbyterian</strong> <strong>Church</strong><br />
<strong>Property</strong> Trustees.<br />
Responsibility <strong>of</strong> a trustee to act without personal<br />
gain and independently from personal interest.<br />
Formal document upon which the details <strong>of</strong> a sale<br />
and purchase <strong>of</strong> property is entered for recording in<br />
the Land Transfer Office.<br />
Often called JRC. Regional body that oversees cooperative<br />
ventures on behalf <strong>of</strong> partner <strong>Church</strong>es.
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