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Transfer of Title/Ownership

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Associate Lawyers

Jagmohan Singh Nanda
Jagmohan Singh Nanda
Justin Chun Ting Lo
Justin Chun Ting Lo

Transfer of title happens when a person is added or removed from the property ownership or title by the owner of the property. In this transfer of title process, many documents are needed such as ownership documents, property tax bills, bank confirmation, property insurance and much more.

Steps in Title Transfer

In general circumstances of title transfer, a homeowner can add another family member, remove a family member, or get new unrelated persons on the title. The steps in title transfer will include:

  • Complete all the required documents (with client signatures as and where needed) and gather the supporting documents
  • Review the filled-up forms as to their completeness and accuracy towards the process of transferring title
  • Get the title change documents registered and report them to the clients
  • Send written intimation to the property tax department and, the condominium management office of changes in ownership (wherever applicable)

In all cases of transfer of title, the onus will be on the person receiving the transfer or the homeowner to make sure that the necessary steps are carried out to:

  • Perform title searches
  • Obtain title insurance
  • Update the contents and fire insurance policy
  • Update ownership records in the utility bills
  • Advise current mortgage lender of the title changes
  • Obtain appropriate legal advice for the tax and other implications of the title transfer

For all ownership transfers of residential property, all parties in the title transfer process need to send their request with all supporting documents like property tax bills, current transfer deed to the Real Estate Lawyer. They attend the office of the real estate lawyer to sign all the required title transfer documents.

When the transfer documents are about to be signed, all the signees need to give their photo identification. The Law office then retains it for their records.

All fees related to the title transfer such as legal fees, land transfer tax, legal disbursements, land registry sub-searches and registration costs are to be paid at this time. Two separate lawyers are needed if transfers happen between two unrelated persons.

Title Transfer in Separation & Divorce Circumstances

Your Real Estate Lawyer prepares the necessary documentation once all the required documents have been received. In cases of common law breakup and matrimonial circumstances, a separation agreement or court order will be required. The separation agreement or court order will be needed where the present owners are married to each other or are common-law partners in the process of separating from each other or already separated.

The transfer is Land Transfers Tax exempt if the conveyance of transfer is a direct consequence of a written agreement or court order as per which the parties are living apart and separate. In this case, the value of the consideration is the total of the given consideration including amount outstanding due to encumbrances.

In divorce and separation cases where a court order exists, land transfer is waived off. Gifting of land from one spouse to another can take place without any payment of land transfer tax.

Transfers Between Spouses

Any land transfer amongst former spouses is subject to land transfer tax in the absence of specific exemptions. Any transfer where both spouses are living together is exempt if it is done out of love and affection.

Transfers Amongst Trustees & Nominees

Land transfer tax can be saved if the trustees transfer the land to the beneficiaries. There are certain transactions where there is no consideration for the land transactions which has taken place:

  • Transfer to the trustee from the beneficial owner: If a party wishes to create a beneficial owner -nominee relationship with a legal title transfer to a nominee title holder
  • Trustee to trustee: in this case a nominee title holder transfers legal title from itself to another nominee title holder who holds the beneficial owner title
  • Trustee to beneficial owner: In this circumstance, both the beneficial owner and the nominee title holder become legal title holders of the beneficial interest in land.

In the above circumstances, a supplementary affidavit needs to be submitted, signed by the transferee and the transferor. The affidavit also mentions that the consideration value of the transfer is nil and market value should not be determined. Registered transfer in the above situations needs the completion of specific Teraview statements.

Survivorship Applications

Right of survivorship in Ontario is a legal principle as per which the surviving partner or spouse becomes the sole owner of the house upon the death of the other partner, where both were joint owners of the home.

This principle is applicable in joint tenancy cases as well. So, if one joint tenant dies, the surviving joint tenant becomes the sole owner. This rule is applicable unless the deceased was using it as a matrimonial home with another person.

It is vital that the name of the deceased partner is removed from the title to ensure smooth dealings with the property in future.

How We Can Help

At Nanda & Associate Lawyers, our experienced Real Estate lawyers understand your specific circumstances and provide tailored and customized solutions for each of them.

Our Mississauga Real Estate Lawyers are available for a no-obligation free consultation. Come and experience our quality legal counsel and personalized care we give to each client. We ensure prompt communication and a professional approach to achieve successful outcomes for you.

Feel comfortable interacting with our caring team who speak more than 15 languages like English, French, Spanish, Italian, Portuguese, Albanian, Hindi, Punjabi, Kannada, Telugu, Tamil, Bengali and much more.

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