Transfer of Ownership Lawyer Calgary

A Simple Guide to the Transfer of Ownership and Title of Property with E&T Legal

Assigning ownership and the title deed of property is a legal procedure that is important since it makes transfer of deeds from one owner to another. At E&T Legal, we understand the intricacies required to conduct transfer of ownership and transfer of title in property and put the same into efficient use for our clients.

Without a basic understanding of how the transfer of ownership will take place, it is difficult to appreciate why these changes matter much less understand how they operate on a practical level.

The transfer of ownership also known as conveyance entails the process of passing on the title deed from one party to another. This may happen through sale of a house, from an inheritance or through a gift or by virtue of a court process like a divorce.

Undergoing each of these stages, at E&T Legal makes sure to be in accordance with the real estate laws to safeguard the buyer and seller’s interests and ensure the new owner of the property acquires the entire rights related to the property.

Transfer of Title: What is It?

The conveyance is the legal process of passing the title deeds in a property and is evidenced to have been done legally. Title deeds include information such as boundaries and terms and conditions of the property,-mortgages or liens on the property among others.

The transfer of title of the property can complicate when the title is not clear for instance when there are debts or claims on the same property. E&T Legal makes sure that all the problems are solved, and the ownership of the title is correctly transferred so that there will be no controversies in the future.

Ways on How Ownership and Title of Property are Transferred

The first process in the process of transfer of title is to secure the title deed which is used as evidence that the certain party has rights on the particular piece of land. E&T Legal will assist in the compilation of all required documents whereby the title deed will be well prepared for the transfer process.

Get Transfer Papers Several papers that should be drawn incorporate sale contract, transfer deed, and any declarations that are necessary. These documents must be duly executed by the selling organization as well as the buying organization. In case you are in E&T Legal, our experienced attorneys shall prepare all the necessary requirements for filing and serving.

Title Examination Before a change of ownership of an asset such as a piece of land is effected, the title to the asset is searched to check if it is encumbered in any way. We assist in determining the show cause as to enable the property to be transferred without any hitch.

Transfer of Title The last of the developments involves the transfer of title of property as registered at the local land registry. These help register the new owner’s name at the Physical Address, thus helping with the real estate’s transfer.

When planning to transfer ownership or transferring title of a property, then it is very important to do it in the right manner and if possible legally. Call E&T Legal today to get advice from our property law specialists and begin with a smooth transition.

Am I Allowed to Transfer the Ownership and Title of Property?

Let’s get back to the questions posed at the beginning of this article: why is the transfer of title important?

Basically, the transfer of the title is important as it provides legal backing to the new owner of the property. Otherwise, the buyer does not possess the full authorization legal rights of the property.

The length of time that the transfer of ownership takes depends on several factors including the following;

Depending on the complexity that will be involved in the case then the duration may take different time. Most of the time it can be closed within two to three weeks; however, it may take longer if there is a problem with the title or any legal paper.

May I know if E&T Legal can help me in conducting title search?

Yes, at E&T legal we conduct title search to ascertain whether the property has any legal liabilities before transferring the property.

Am I supposed to use a lawyer for change in ownership of property?

Yes it is advisable to consult a property lawyer so as to meet all the legal formalities, to confirm the title and to make the conveyancing process favored and binding.

What are the expenses incurred in instruments of transfer of title of property?

Such expenses may require legal charges, the registration fees, and taxes. E&T Legal value their services, hence you will be offered an account of the various charges that are likely to be incurred in your case.