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Property Title Transfer Ontario
We Can Help You Transfer Property Title
Property Title Transfer in Ontario How Can We Help?
When buying real estate, at the closing of the transaction, a title transfer is completed to legally transfer ownership from the seller to the buyer. Other scenarios where a title transfer may also be required include: when a person wants to refinance their property and the financial institution request that a person be added or removed from title to qualify for a mortgage; if there has been a separation between the parties who own the property; and/or if a property owner wants to add a spouse or other family member to title or remove a name from title for estate planning purposes.
Process of Title Transfer
When transferring title, a conveyancing lawyer has to ensure they performed appropriate title searches, obtained title insurance, advised current mortgage lender of any title changes and directed their client to obtain legal advice for tax and estate questions. Moreover, transfer of title requires an exchange of important documentation including but not limited to ownership documents, property tax bills, bank statements, and property insurance. All the signees need to provide photo identification before signing the transfer documents. In most cases, two lawyers are required to complete a Title Transfer.
Protecting YOUR Interests in
A Real Estate Transaction!
How we can help?
At MB Property Law, our real estate lawyer helps clients in transferring title to the property as well as educating them on important information related to the transfer. For instance, if title is to be held in the case of multiple purchasers, we explain to clients the difference between joint tenants and tenants in common. Moreover, we explain all fees related to the title transfer such as legal fees, land transfer tax, legal disbursements, land registry sub-searches and registration costs in a comprehensive manner.
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