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Jul 21, 2023 · The term ‘Transfer of Title’. A transfer of title transfers ownership rights of a property from one party (the seller or grantor) to another (the buyer or grantee). This is important in real estate transactions, and it also changes your property’s ownership status. The document that records this transfer is known as the ‘deed’.
Nov 11, 2024 · Title transfer refers to the legal process of changing the ownership of real property from one party to another. When purchasing or selling real estate in Canada, both the buyer and the seller must sign a deed to transfer the legal title. The deed is an official document that transfers ownership of the property from the seller to the new owner.
Aug 11, 2024 · The transfer of title is a legal process that involves changing the ownership of a property from one party to another. A real estate lawyer handles the title transfer process in Ontario. This process is essential in real estate transactions as it ensures the new owner has full legal rights to the property, free from claims or disputes.
In Ontario, title transfers are completed by lawyers — a process that takes on average 5 to 10 business days. Once the lender approves the transfer, you can then engage a lawyer. At Khan Law, our lawyers will begin by conducting a title search to validate title ownership. This will ensure that the right person is transferring the title.
- (647) 643-5426
- Suite 211, 450 Bronte Street South, Milton, L9T8T2, Ontario
- info@khanllp.com
- Steps in Title Transfer
- Title Transfer in Separation & Divorce Circumstances
- Transfers Between Spouses
- Transfers Amongst Trustees & Nominees
- Survivorship Applications
- How We Can Help
In general circumstances of title transfer, a homeowner can add another family member, remove a family member, or get new unrelated persons on the title. The steps in title transfer will include: 1. Complete all the required documents (with client signatures as and where needed) and gather the supporting documents 2. Review the filled-up forms as t...
Your Real Estate Lawyer prepares the necessary documentation once all the required documents have been received. In cases of common law breakup and matrimonial circumstances, a separation agreement or court order will be required. The separation agreement or court order will be needed where the present owners are married to each other or are common...
Any land transfer amongst former spouses is subject to land transfer tax in the absence of specific exemptions. Any transfer where both spouses are living together is exempt if it is done out of love and affection.
Land transfer tax can be saved if the trustees transfer the land to the beneficiaries. There are certain transactions where there is no consideration for the land transactions which has taken place: 1. Transfer to the trustee from the beneficial owner: If a party wishes to create a beneficial owner-nominee relationship with a legal title transfer t...
Right of survivorship in Ontario is a legal principle as per which the surviving partner or spouse becomes the sole owner of the house upon the death of the other partner, where both were joint owners of the home. This principle is applicable in joint tenancy cases as well. So, if one joint tenant dies, the surviving joint tenant becomes the sole o...
At Nanda & Associate Lawyers, our experienced Real Estate lawyers understand your specific circumstances and provide tailored and customized solutions for each of them. Our Mississauga Real Estate Lawyersare available for a consultation. Come and experience the quality legal counsel and personalized care we give to each client. We ensure prompt com...
Title is a legal term meaning registered owner of real property. When your lawyer is preparing to transfer the title to your property, you will likely be asked who will actually own it. You may choose to list one name alone, fellow investors (a parent, for example) or, particularly in a marriage, both spouses.
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Apr 28, 2023 · A title transfer is the process in which a person is added or removed from the ownership of a property or title by the owner. A title transfer needs to be completed by a lawyer as the process is not as simple as it appears to be. This column will explain what a title transfer is and provide some guidelines on the how a title transfer is done as ...
