Where To Go With The Deed

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Where To Go With The Deed
Where To Go With The Deed

Video: Where To Go With The Deed

Video: Where To Go With The Deed
Video: Real-Estate Deeds Vs. Title (Explained Simply) 2024, May
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With age, many people think about how to transfer their property to their relatives. There are two optimal ways - a will and a deed of gift. The will comes into force only after the death of the owner, and the dedication allows you to make sure during life that the property went exactly to those to whom it was intended. The main thing is to arrange everything correctly.

Where to go with the deed
Where to go with the deed

Instructions

Step 1

A donation, or a donation document, is a contract that implies the free transfer of property rights from one person to another. The donor does not have the right to impose conditions on the gifted, and this is the difference between a gift and a will. In addition, the donor loses property rights as soon as the deed is signed, so he must be fully aware of his own actions.

Step 2

Real estate is the most complex type of property, all transactions with it are subject to registration with the Federal Registration Service, where you must provide the donation agreement itself and other documents necessary for registration and meeting the requirements of the Law on State Registration.

Step 3

The presence of a notary when drawing up a deed is not necessary, however, it should be noted that it is very difficult to draw up an agreement on your own, one inaccuracy, a blot or an error in a word is enough so that the agreement, along with the accompanying documents, will be returned for revision in a month. After correcting errors, you need to contact the UFRS again, which is quite problematic, given the queues.

Step 4

Thus, it is recommended to contact a notary who will help you correctly draw up a donation agreement and save time. You need to provide the notary with an identification code, a passport, documents confirming the right to real estate, as well as other documents, the list of which is the same as for the purchase and sale of real estate. This is an extract from the house book, a certificate from the BTI, property valuation. Nevertheless, in each specific case, the list of documents may vary, and individual documents require certification by a notary.

Step 5

For example, if minors live in the apartment for which the donation agreement is going to be drawn up, documents from the guardianship and guardianship authorities are needed. If the gifted person is a minor, the same document is needed.

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