Switch over with ease
We assist in negotiating any necessary amendments to the transfer agreement based on the findings from the title search or other due diligence activities. Throughout this process, we ensure compliance with all relevant laws and regulations, protecting the interests of both the seller and the buyer.
As the transfer date approaches, we prepare and review all necessary documentation, including the deed and any other transfer documents required by local authorities. We coordinate with all parties involved, including the buyer, seller, title company, and escrow agent, to facilitate the smooth transfer of ownership.
On the day of the transfer, we oversee the signing of documents and ensure that all necessary legal formalities are completed. We then arrange for the proper recording of the deed with the appropriate government office to finalize the transfer of ownership.
After the transfer is completed, we address any remaining legal issues, such as the release of the seller’s mortgage lien or the transfer of utilities and other services to the buyer. Our goal is to provide comprehensive legal support throughout the transfer process, ensuring that all parties involved are protected and that the transaction is completed efficiently and effectively.
Ownership transfer lawyer
If you are interested in transferring ownership rights to another person, it is important to understand the process and to have someone who understands the complexities of property law. Title and ownership rights can be transferred to nearly anyone for nearly anything, from a small item of no consequence to a large real estate property that costs millions. The complexity of transferring title or ownership rights increases the more expensive the item being transferred is.
Basic Property
Some basic items, such as groceries or small supplies, often do not need a separate agreement signed. Transfer of ownership for such items are informal and are typically “formalized” when the property exchanges hands and the other party obtains the item. As the monetary value of the item increases, a legal document is required to ensure that transfer of ownership has been done properly and that title has transferred.
Transfer of Real Property
When purchasing a home, a “title transfer” needs to be completed. This is an official document that transfers title and ownership from the seller to the buyer. It is important to note that in Ontario, a title transfer can only be completed by a lawyer.
When you buy real estate, it is important to have the title of the real property so that you have legal ownership of said property. The type of title ownership that you have over the property will influence how long you have legal title and what specifically you have ownership over, whether it is the land, the structure or both.
Your possessions are valuable assets that can have a highly personal value. Our lawyers understand the importance these items can have for you and will help ensure they are properly cared for.
When purchasing a home, a “title transfer” needs to be completed. BOOK A CONSULTATION today with a Brace Law real estate lawyer to ensure that title and ownership is transferred from the seller to the buyer.