Title and Ownership Of Property

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Generally speaking, we are here to help you Sell Your Home easily. Our team is experienced agents with different specialities, so if you need our help to List Your Property, please reply! In this post, we would like to talk about Title and Ownership Of Property.

What is the title? The title is a legal term meaning a registered owner of real property. When your lawyer is preparing to transfer the title to your property, you will likely be asked who will actually own it. In addition, you may choose your name, your company’s name, some investors, or your spouse. The next question is how many people can be on the title? as a quick answer, it can be under one, two or more names.

Ownership of matrimonial home:

Most lawyers will recommend that married or common-law couples own their homes equally as joint tenants. This will make them each full owners, and the survivor will become the sole owner of the other dies first.

Ownership of other properties:

If more than one individual is purchasing a property, and they do not want to leave their share to the other owner in the case of their death, it is best that they own the property as tenants in common. This is often the case when people are purchasing a property as an investment.

In conclusion, Title and Ownership of Property depends on property owners and lawyers. We are here to help our clients to list and sell their properties easily. Also, we are trying to have win-win transactions.

Contact us today, if you would like to sell your house!

BABAK MEHRABI

Real Estate Salesperson

https://www.reco.on.ca/

 

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1 thought on “Title and Ownership Of Property”

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