Transfer Of Title
Title conveys legal ownership of a real estate property. This ownership gives you the right to possess, control use, exclude access, and dispose of the property as you wish. In Ontario, you need a lawyer to complete a title transfer.
There are several reasons why you would want to transfer the title of a property. You may do so as part of a divorce settlement, to fulfill refinancing requirements for your mortgage, or to gain sole ownership after the passing of a spouse or joint owner of the property.
Perhaps the most exciting reason for title transfer, however, is to assume ownership of a property you have just purchased. This is usually the culmination of a lot of saving and tough comparisons to decide on the right property.
You also have to complete a title transfer to assume full ownership of inherited property. A proud moment is when you pass ownership of a property to a child or transfer a share to a new spouse. In all these instances you need an experienced lawyer to legally complete a title transfer.
Perhaps the most exciting reason for title transfer, however, is to assume ownership of a property you have just purchased. This is usually the culmination of a lot of saving and tough comparisons to decide on the right property.
You also have to complete a title transfer to assume full ownership of inherited property. A proud moment is when you pass ownership of a property to a child or transfer a share to a new spouse. In all these instances you need an experienced lawyer to legally complete a title transfer.
