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Jul 21, 2023 · 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’.
A transfer of title is a process in which a person is added or removed from the property ownership or title by the owner. In Ontario, title transfers are completed by lawyers.
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Aug 11, 2024 · What is Transfer of Title? 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.
- 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...
A title transfer is the legal process of transferring ownership of a property from one party (or many parties) to another. It involves the change of the property's title from the seller to the buyer.
Nov 11, 2024 · Discover the ins and outs of title transfer effortlessly with our comprehensive guide. Get clarity on the process and ensure a smooth transition.
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May 30, 2024 · In its most basic sense, a Title Transfer (or Transfer of Title) is when the legal owner of a property alters ownership, either in part or entirely, by adding or removing another individual. This is slightly different than property transfers or dealing with sole owners.