Hello I have obtained the title deed of a house I am interested in and found the following paragraph:

RESTRICTION: No disposition by a sole proprietor of the
registered estate (except a trust corporation) under which capital money
arises is to be registered unless authorised by an order of the court.

What does this mean? It was dated 3 years ago.

Any help appriceiated.

It means the property is held on a Tenants in Common basis, rather than a Joint Tenancy.

In effect it means more than one person has an interest in the property and they each have a distinct share, therefore all those with a share must agree to sell the property.

Thank you for replying daveyjp.

I think the couple are getting divorced who own the house or are already divorced. Would that make sense and how does that affect our buying the house?

Probably part of the divorce deal to ensure assets are divided as agreed between the parties.

Without this in place one party could possibly sell the house and pocket all the money.

Thanks that is what I thought.

Nothing to do with divorce, standard clause in a deed depending on how property is to be held. Will have no effect on your purchase of the property so don't worry, your sellers solicitor will make sure that both people sign the transfer deed.