Title Transfer

Title transfer refers to the legal process of transferring ownership of a property or asset from one person or entity to another.

Professional Conveyancing Services

Do you need to transfer the title ?

WE ARE HERE TO HELP YOU

A title transfer must be completed if you want to change the ownership of the property. There are a few processes involved, and they change based on the type of property ownership, how the title is being changed, and whether the property is subject to a mortgage.

What do you need to know when you transfer the tittle ?

See some examples

There are numerous reasons for wanting to change a property’s ownership information. It could be brought on by a situation when a family member receives a gift of property or a shift in circumstances. The motive will also dictate the nature of the conveyancing work required.

NAMES BEING UPDATED, ADDED, OR REMOVED

This merely indicates that the name in the title has to be updated or modified. For instance, the title may need to be modified if someone’s name has changed. Before getting married, a person might have purchased a home, and now they wish to add their spouse to the title. Perhaps someone needs to be dropped from the property title because they passed away..

GIVE PROPERTY TO A RELATIVE TO TAKE CARE OF IT

Due to disease or advanced age, the owner might no longer be able to maintain their property. If so, they might choose to give the property to a relative to take care of it. The passing of the property owner is another reason for a change in ownership. The family would have to adjust ownership in each of these scenarios

CHANGING THE STRUCTURE OF THE OWNERSHIP

If the current ownership structure is no longer appropriate for the property owner or the other owners, they may desire to modify it. For instance, the ownership of the property might be transferred to a family trust.

CHANGE IN THE SITUATION

A friend or a member of the family may have helped you buy a house. Or perhaps a combined purchase was made. If one owner wants to buy the other out due to a change in financial circumstances, the title must be amended. A couple's divorce is another reason for a shift in circumstances.

What we do as a conveyancer ?

A conveyancer is responsible for ensuring the title to the property is transferred from seller to purchaser, advising on any legal issues along the way.

We here at MMC are highly experienced in handling these kinds of transfers and always aim to make the process smooth for our clients. We help them avoid any pitfall and help them avoid any costly mistake