Transfer of title is the process of adding or removing a person or several individuals from the ownership. This may happen when you buy a new house, so the seller needs to transfer the ownership of a property to you (the buyer). Transfers of title or ownership may also be needed in separation or divorce circumstances and between spouses or when you are giving or receiving property as a gift.
The participation of a real estate lawyer in the transfer of title process is required by law. Real estate lawyer will make sure that all the documents are signed correctly and registered in proper departments, freeing you from the burden of the details and complexities of the title transfer process. If you are looking to transfer your title in Toronto, contact us today!
In general circumstances, there is a list of documents that every homeowner should gather to complete the transfer of ownership successfully:
When gathering the documents, be sure to contact a real estate lawyer. The lawyer will check their accuracy and tell you whether additional forms or documents are needed.
Special rules are applied if the change of the property title holder is due to the divorce. Firstly, former spouses should agree on the terms of the divorce, using negotiation methods and signing a separation agreement.
