Change In Ownership Structure: Manner of Holding & Title Registration
Are you planning to change the ownership structure of your property? Mr Conveyancer can assist you in making the changes to the manner of holding and title registration. Our professional and experienced legal team can guide you through the process and ensure that your property transaction is handled with the utmost care and expertise.
Manner of Holding: Tenants in Common vs Joint Tenants
There are two common ways of holding property – as tenants in common or joint tenants.
- Tenants in common hold separate and distinct shares in the property, which can be equal or unequal, and have the freedom to transfer or sell their share without consent from the other co-owners.
- On the other hand, joint tenants each hold an equal share in the property, and the property passes to the surviving owner(s) upon the death of a co-owner.
It is very important to understand the legal implications and tax considerations of each holding structure before making any changes.
Title Registration: Making Changes
Title registration refers to the official record of ownership of the property. It is important to ensure that the ownership is registered accurately and up-to-date to avoid any legal disputes. Mr Conveyancer can assist you in making changes to the title registration, including the addition or removal of co-owners or changes in the manner of holding. Our legal team can ensure that all necessary legal requirements and documentation are fulfilled and submitted to the relevant authorities.
Why Choose Mr Conveyancer for Your Ownership Structure Changes?
At Mr Conveyancer, we believe that no problem is too small or too big. We provide equal importance to all our clients, offering constant support and helping them as much as possible. Our experienced and professional legal team can guide you through the process of changing the ownership structure of your property, ensuring a smooth and stress-free property transaction. We also ensure a great experience for our clients and aim to build long-term relationships.