How To Transfer Ownership Of An Apartment

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How To Transfer Ownership Of An Apartment
How To Transfer Ownership Of An Apartment

Video: How To Transfer Ownership Of An Apartment

Video: How To Transfer Ownership Of An Apartment
Video: How to transfer ownership of a house. How to use the quit claim deed to transfer title to a house. 2024, December
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There are situations when there is a need to transfer your property to another person. This can be done with the help of a donation, a will and a sale and purchase transaction. All these options have their pros and cons, and only you can choose which one to use in a given situation.

How to transfer ownership of an apartment
How to transfer ownership of an apartment

Necessary

  • - donation;
  • - will;
  • - contract of sale;
  • - an extract from the Unified State Register of Rights to Real Estate and Transactions with It.

Instructions

Step 1

As an apartment owner, you have the right to do whatever you deem necessary with your property - to give, bequeath, sell, change, etc. One of the options for transferring ownership is a will. To arrange it, contact a notary and write your will regarding the future of your apartment. The will has one nuance: the desired person will become the owner of the apartment not immediately after its registration, but only after your death. The disadvantage of the will is the possibility of its dispute by other heirs.

Step 2

If the will for some reason does not suit you, conclude a deal or donation agreement. Donation is considered a gratuitous act of transferring the acquired property, and under the contract of sale, the apartment will be transferred to other hands for a certain fee. In both cases, draw up the appropriate agreement and certify it with a notary, and then - in the body for registration of rights to real estate and transactions with it.

Step 3

The ownership of your friend, relative or partner will receive from the moment when the contract is registered in the Unified State Register of Rights to Real Estate and Transactions with It. Please note that at the time of the conclusion of the sale and purchase agreement and the donation, the one who transfers, or the one who receives the apartment, must pay the state a certain amount of money.

Step 4

Before deciding which way you are going to transfer your ownership rights, analyze all three options and think which one is more beneficial and acceptable to you. Consult a qualified lawyer, weigh the pros and cons.

Step 5

Think also about the guarantees of your rights. If you want to transfer the apartment to your relative and do not want to worry about your own fate, it is best to issue a will. So you can remain the owner of the home until your death and not be afraid that after the donation agreement you will be thrown out into the street.

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