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March 1, 2021A prospective client recently called us wanting to “add a name to a title”, and wanting to know if there’s a form that needs to be completed to achieve this.
Adding a name to a property title in Victoria involves transferring a share of the property to the new owner. It’s not as simple as filling out a form.
Here are the key steps:
1. Prepare and lodge a Transfer document.
2. Verify the identities of both parties.
3. Assess stamp duty. If it’s not exempt from stamp duty, a valuation/appraisal of the property by a licensed real estate agent will also be needed.
4. Obtain mortgagee consent (if applicable).
5. Produce title (if property is unencumbered).
6. Notify Council, Water Authority, and Owners Corporation advising them of the change of ownership (if applicable).
If you are looking for a reliable Melbourne conveyancing company, contact Glenferrie Conveyancing at Northcote area on 03 9815 2351 for more information.