Property Transfer
Transferring Title of a property without selling it is a simple and very common process. There are several reasons why a property owner may transfer ownership of a property.
Some reasons include:
Adding a person to the title of a property
Transferring property between family members, such as parents selling, transferring or gifting the property to their children
If the property is jointly owned and one of the owners pass away
If the property was left to a beneficiary of an Estate
If the property is held by proprietors (owners), and one of the proprietors wants to buy the other owner out or vice versa
Marriage or relationship breakdown may see one party transfer the property to the other party as part of the separation/ settlement
Ownership of the property might be transferred to a company for taxation purposes
Although transferring Title of a property is a different process from buying or selling as a Contract for Sale is not required, it is still prudent to engage a property law expert.
Our team can assist you in providing expert advice for your situation including advising on Transfer Duty, liaising with financial institutions regarding finance and preparing the legal documentation such as the transfer of land.
If you are looking at completing a property transfer, please contact our office to arrange an appointment with our experienced team.