4 Steps to Transfer Lot with Tax Declaration Only Have you recently purchased a lot without a title? Or you're interested in buying a lot, but the seller only holds a Tax Declaration? Whatever the case may be, you've come to the right place. Many homebuyers or real estate investors who buy from sellers without titles often have problems transferring the property's ownership under their name. Thus, buying a lot with a title is ideal to be on the safe side. But what if the lot has no title but only a Tax Declaration? Can you transfer its ownership to your name?
Contrary to what others believe, a buyer can still transfer the lot to their name and ensure its ownership even if it doesn't have a title, given the seller has a Tax Declaration. So, if you're wondering how to transfer a property with no land title, keep reading as we share the four (4) steps to transfer a lot with Tax Declaration only. Step 1: Get the CAR from BIR. First, secure a Certificate Authorizing Registration (CAR) issued by the Bureau of Internal Revenue (BIR). This document is a requirement before performing any transfer of shares. To request this document from the BIR, you must present a legal document proving you purchased the property. Thus, prepare the Deed of Absolute Sale before visiting the BIR. The Deed of Absolute Sale is made and notarized by a lawyer and signed by two (2) witnesses. At the BIR, you should also pay the Documentary Stamp Tax (DST), equivalent to 1.5% of the selling price, zonal value, or fair market value, whichever is higher. Moreover, you should pay the Capital Gains Tax (CGT), equal to 6% of the selling price, zonal value, or fair market value, whichever is higher. Step 2: Go to the Treasurer’s Office. The second step is to visit the Treasurer's Office at the City Hall, Municipal Hall, or Capitol. When visiting the Treasurer's Office, bring the CAR you've obtained from the BIR. In addition, you should pay the Transfer Tax Fee, equal to 0.5% of the selling price, zonal value, or fair market value, whichever is higher. Step 3: Proceed to the Registry of Deeds. After paying the Transfer Tax Fee, the next step is to visit the Registry of Deeds. Here, you will submit the original requirements, such as the Deed of Absolute Sale, Tax Declaration, and other documents required for transferring property. Aside from that, you'll need a Department of Agrarian Reform (DAR) Certificate if the property you wish to transfer is agricultural land. Step 4: Visit the Assessor’s Office. Once you have submitted the documentary requirements to the Registry of Deeds, the final step is to visit the Assessor's Office. At the Assessor's Office, you can change the name of the Tax Declaration from the buyer to your name. Registering the property you purchased under your name is essential, even if it doesn't have a title yet. Doing this step can ensure the property you purchase is safe and legally registered under your name despite only having a Tax Declaration. Thus, in case problems arise in the future, you can ensure ownership of the property. But before you purchase a property, ensure it’s categorized as Alienable and Disposable. It means the property is not a protected land and not privately owned. By doing so, you can ensure that the property you’re buying can be titled someday.
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5 Steps to Get a Land Title for Property with Tax Declaration OnlyThe Original Certificate of Title (OCT) proves the ownership of a land, house-and-lot, or townhouse. The same goes for the Transfer Certificate of Title and Condominium Certificate of Title. But what if the property you plan to buy has a Tax Declaration only? How do you guarantee the ownership of the property? It's also ideal to get a title to ensure buyers you're legally entitled to sell a property that only has a Tax Declaration.
Now, the question is, how do you get an Original Certificate of Title if the property only has a Tax Declaration? Keep reading as we share the five (5) steps to transfer Tax Declaration to Land Title. Step 1: Visit DENR. Whether buying or transferring a property with a Tax Declaration only, you should first visit the Department of Environment and Natural Resources (DENR). Once at the DENR, look for the Community Environment and Natural Resources Office (CENRO) or the Provincial Environment and Natural Resources Office (PENRO). Submit your requirements, such as the Tax Declaration, in any of these offices. This document is solid evidence that proves you're occupying or residing at the property you’re titling. However, there are qualifications you should meet for titling property with a Tax Declaration. For instance, you should reside at the said property for at least ten (10) years, except if you're a Filipino citizen. You can also secure the required forms from the DENR, including the Residential Free Patent Form and Affidavit of two (2) Disinterested Persons. After filling out the forms, ensure to get it notarized. In addition, get other certificates you'll need from the DENR, such as the Lot Status Certificate. This certificate determines if the property you're requesting for titling has no existing title under other people's names and technical descriptions. The DENR also issues an A&D Certificate (Alienable and Disposable), which ensures the property is not a protected land. Also, DENR will give a complete list of requirements you should secure from other government agencies. Step 2: Get the Transmittal Form/Order of Award. After submitting the documentary requirements, proceed to the next step, obtaining the Transmittal Form or Order of Award from the DENR Regional Office. The Transmittal Form contains your name and indicates an approved request. But before that, DENR will visit your property to conduct an investigation and inspection, ensuring you’re occupying the property for over ten (10) years. During the inspection, DENR will take pictures and question your neighbors. Aside from the inspection, DENR will go to the Barangay Hall to disseminate information. They will post a notice of your application regarding the titling of property to inform the entire Barangay. So, in case someone is claiming the property, they have an opportunity to tell their side. Step 3: Go to the Registry of Deeds (RD). When you visit the Registry of Deeds, bring the Transmittal Form from the DENR Regional Office. Also, don't forget the copy of your Tax Declaration. Then, they will advise you when to return to claim the property title. Step 4: Claim the Original Certificate of Title (OCT) at RD. Return to RD to claim the Original Certificate of Title (OCT). This document is the first title issued on a property. Therefore, you’re the first person to receive the title of that property. Step 5: Head to the Assessor’s Office. Once you receive the property title, proceed to the Assessor's Office to update the Tax Declaration. The Assessor's Office will update their records that the previous Tax Declaration has a title. Now, you've successfully obtained an Original Certificate of Title (OCT), proving ownership of your property. What to Do When You Lost Your Property TitleA land title is one of the most essential documents that prove property ownership. Two types of this document prove ownership: the Owner's Copy of Title and the copy of the property title kept by the Registry of Deeds. Aside from that, the Original Certificate of Title is issued to owners when the property is first registered. While the Condominium Certificate of Title is issued to owners of condo units. But what if you lose a copy of your property title? How will you prove ownership of your property?
To find out, keep reading as we share the four (4) steps to get a new property title if you lose your copy. The steps below apply to house, lot, or condo properties. Step 1: Get an Affidavit of Loss. If you already searched every corner of your house but to no avail, it's time to take legal action to avoid problems in the future. The first step is to secure an Affidavit of Loss, made by a lawyer, and must be notarized. When requesting this document, tell your lawyer how you lost your property title. There are many reasons why many property owner's titles went missing. Some owners misplaced it, while others lost their property title due to theft, fire, flood, and other similar events. Improper storage of fragile property titles can also lead to termite destruction. Whatever your case, the only way to get a new property title is via a court process. But you should obtain an Affidavit of Loss before going through the Reissuance of Title process. Step 2: Obtain a Certified True Copy of Title with lost title annotation. After obtaining an Affidavit of Loss, the next step is to get a Certified True Copy of Title with lost title annotation. To obtain this document, you should present the Affidavit of Loss made by your lawyer to the Registry of Deeds, located at the city or municipal hall. The Registry of Deeds will annotate or indicate at the back of the original title regarding the loss of your title. Step 3: Attend the court hearing. As stated earlier, the court process is the only way to secure a new property title. There are two legal remedies to get a copy of the title. The Petition for Reissuance is the solution if your property title was destroyed or damaged due to natural calamities, such as flood and fire. On the contrary, the Petition for Reissuance is the applicable solution if your property title was destroyed or lost due to other reasons. To attend a court hearing, you and your lawyer should file a petition for Reissuance or Reconstitution of Title. In addition, you'll need the Certified True Copy of the Title with an annotation of the "lost title," which you secured from the Registry of Deeds. During the court hearing, you should also prove to the judge, in good faith, that your property title is really missing. If successful, you can proceed with the 4th step. Step 4: Bring the court order to the Registry of Deeds. Finally, you can secure a new property title by presenting the court order to the Registry of Deeds. The court order is a formal document stating the judge's official judgment to grant you a new property title. After presenting the court order to the Registry of Deeds, you can obtain a new owner's duplicate copy of the property title. But do note that there are requirements you must comply with when you lose your property title. Also, you should pay the applicable fees before obtaining a new copy of your property title, which I'll discuss in my next article. Remember, replacing a lost property title as soon as possible is vital to avoid fraudulent claims and easy transfer. 4 Ways to Detect Fake Property Title Nowadays, many wicked-minded and dubious people will do anything for money. That's why it is essential to be cautious, especially when buying a property. Whether it's a small plot of land or a house and lot, purchasing a property costs significant amounts of money. However, scheming people have plenty of ways to trick and fool property buyers. Therefore, doing extensive research on how to detect a fake property title is necessary to avoid being scammed.
But how can you tell if a property title is real or fake? To find out, read on as we share four (4) ways to detect a fake property title and ensure your hard-earned money and investment won't go to waste. 1. Scan the QR code One of the easiest ways to detect a fake property title is by scanning the QR code. The new version of the land title is called eTitle. It's blue and has a QR code in the lower right corner. When you scan the QR code using your smartphone, the information of the eTitle will appear, such as the title number, location, technical description, and other details. But remember, the information that appears on the QR code should match the property title to ensure its authenticity. 2. Check the Paper Another way to spot a fake property title is by checking the paper material. A legit and valid property title uses a type of paper that looks similar to bank cheques, called check stock paper. When you inspect the property title, you will see fibers on the paper material. Usually, there are also colored dots on the property title paper. These signs indicate that the property title is authentic. Apart from that, a legit property title has Intaglio on the sides, a printmaking technique with an image created by incising into a surface. It's the same technique applied to paper bills. An authentic property title also has a watermark, like the Land Registration Authority (LRA) logo. To check if the logo of LRA is visible, hold the property title to the light. The same way you check paper bills using light. 3. Check the Serial Numbers You can also verify the authenticity of a property title by checking the serial numbers in the upper left corner. There's also another serial number on the lower right corner of the property title. In addition, it has a barcode that feels like a dry seal when you touch it. Both serial numbers should also match to ensure the property title's authenticity. 4. Bring the Title to the Registry of Deeds (RD) If you're still unsure or doubting the property title's authenticity, the best solution is to bring it to RD. This is the most effective way to detect fake property titles. If you're buying a property, visit RD and present a copy of the title. Ask the seller for a copy of the property title and let RD check if it's authentic. The officer in charge of RD will compare the original title they have to the owner's duplicate copy you will present. Both documents should be identical, and there shouldn't be any difference, even in letters capitalization. Therefore, letting RD check the document's authenticity is the most accurate way to confirm whether a property title is real or fake. 4 Major Fees to transfer an Inherited Property Title (House & Lot, Land, or Condominium Unit)9/29/2023 How to Transfer an Inherited Property Title: 4 Major Fees to Pay (House & Lot, Land, or Condominium Unit)If you're wondering how to transfer an inherited property title, you've come to the right place. Whether inheriting a house and lot, land, or condominium unit, you should undergo essential paperwork to transfer the property title under your name. In addition, there are necessary fees you must settle to gain ownership of the property title you're inheriting. But what are the fees to transfer an inherited property title in the Philippines?
To find out, read on as we share the four (4) major fees to transfer an inherited property title. We also added a sample computation below to give you an overview of the fees, so let’s get started. 1. Estate Tax One of the fees to transfer an inherited property title is the Estate Tax. It is 6% of the Net Estate - the accumulated price or Gross Estate Value of the deceased minus the Bureau of Internal Revenue (BIR) set deduction. For instance, the deceased total Net Estate is P10,000,000. If the Estate Tax is 6%, the fee to transfer an inherited property title worth P10,000,000 is P600,000. You can pay the Estate Tax at the BIR office where the deceased was a resident when still living. 2. Transfer Tax Another fee when transferring an inherited property title is the Transfer Tax, which is 0.5%. So, if the deceased properties have a total value of P10,000,000, the Transfer Tax fee is P50,000. To pay the Transfer Tax fee, head to the Treasurer’s Office where the inherited property is located. 3. Registration Fee Aside from that, a Registration Fee should be settled to successfully transfer an inherited property title. Meanwhile, the Registration Fee is not calculated by percentage. It depends on the assessed value of the property, which is system-generated. If the deceased property is worth P10,000,000, the Registration Fee is P49,386.83. Also, note that the cost of the Registration fee may vary. It may be higher or lower based on the number of titles and supporting documents. 4. Notarial Fee The cost of the Notarial Fee varies per notary public. While it depends on where you're getting the notarization, the average Notarial Fee is 1%. If the property is valued at P10,000,000, the Notarial Fee is P100,000 at 1%. When we add it, the total fee to transfer an inherited property title worth P10,000,000 is P799,386.83. Apart from that, insurance companies will ask for payment for cash bonds. It applies to personal properties, like stocks, cash, or cars. But since we're only talking about real estate properties, paying the stated fees above is essential to transfer an inherited property title in the Philippines, be it a house and lot, land, or condominium unit. Summary Overall, transferring an inherited property title is troublesome and expensive. Other issues may also arise during the process. For instance, if the deceased did not leave a will, you should legally settle everything before transferring an inherited property title. Meanwhile, paying the associated fees and taxes is vital to ensure property ownership. But if you're unsure if you're a rightful heir, it's ideal to consult a lawyer to know your rights and learn more about the legal process of transferring an inherited property title. Requirements to Transfer Property Title to Heirs: Land, House & Lot, or Condo If you received an inheritance from a deceased parent or relative, essential paperwork is required to transfer the property title to your name or divide it with other heirs. But what are the requirements to transfer an inherited property title?
To learn more about it, keep reading as we share the 7 documents you'll need to transfer an inherited property title, whether a land, condo, or house and lot. 1. Deed of Extrajudicial Settlement of Estate The heir should undergo the Extrajudicial Settlement of Estate if the deceased relative fails to make a Last Will and Testament. The Deed of Extrajudicial Settlement of Estate is a legal document issued by a licensed lawyer, which contains the heirs and the deceased owner's name of the inherited property title. You can ask a licensed lawyer to make an Extrajudicial Settlement and get it notarized. Also, this document contains the details of the properties and their distribution to the heirs. 2. Affidavit of Publication Another document you will need to transfer an inherited property title is the Affidavit of Publication. You can get this document from publication companies, such as newspapers. To secure an Affidavit of Publication, you should present the Extrajudicial Settlement issued by a licensed lawyer. 3. Certificate of Title To successfully transfer your inheritance, you should also prepare the Certificate of Title or the original certificate of the properties. It can be an original Certificate of Title, Transfer Certificate of Title, or Condominium Certificate of Title. 4. Tax Declaration There are two types of Tax Declaration: the Tax Declaration of Land and the Tax Declaration of the Building or House. If the lot you're inheriting doesn't have a building, house, or structure, you should obtain a Certificate of No Improvement. Meanwhile, you can secure the Tax Declaration of the inherited property title at the Assessor's Office. 5. Certificate of Non-Delinquency The Certificate of Non-Delinquency is a document proving that the inherited property title you’re transferring has no debt or pending dues on Real Property Tax. You can secure this document from the City or Municipal Treasurer’s Office. 6. Transfer Tax Clearance Aside from that, secure a Transfer Tax Clearance from the City or Municipal Treasurer's Office. This tax applies during a sale, barter, or any form of transfer of real property. The Transfer Tax Clearance is payable at the Treasurer's Office, where the property is located. 7. Certificate Authorizing Registration (CAR) Lastly, you should obtain a Certificate Authorizing Registration or CAR from the Bureau of Internal Revenue (BIR). Here are the additional requirements to get a CAR from BIR:
RemindersNote that these requirements apply to Real Property. If dividing a personal property, you'll also need a Bond Certificate from an insurance company accredited by the Registry of Deeds. Furthermore, the stated requirements above apply to the following conditions:
Nonetheless, inform the court if one of the heirs doesn't cooperate. Allow the court to distribute the property as per law. Lastly, the taxes may incur service charges and interest per annum. Thus, ensure to pay the estate tax to avoid unnecessary fees. Transferring Inherited Property Title in the Philippines: Extrajudicial Settlement of Estate Most of the time, Filipinos who have inherited land or house from the deceased have trouble transferring a property title in the Philippines. In most cases, the deceased individual didn't make a Last Will and Testament, which serve as proof of inheritance to the property’s rightful heirs.
For example, your deceased parents left you and your siblings with real property. If both parents are dead, conjugal properties will be inherited by the legitimate child, given a Last Will doesn't exist. But how do you transfer a property title inherited from a deceased relative or individual? Read on as we share the 5 steps to transfer property title inherited from the deceased, assuming there’s no Last Will. 5 Steps To Transfer Property Title Inherited from Deceased 1. Get the CAR from BIR The first step to transfer a property title inherited from a deceased person is to secure a Certificate of Authorizing Registration (CAR) from the Bureau of Internal Revenue (BIR). But before getting the CAR, you should pay the Estate Tax at the BIR office where the deceased was a legal resident. For instance, you have inherited a property in Baguio City from a deceased relative who was a resident of Quezon City. In this case, the Estate Tax should be paid at the BIR office in Quezon City, where the deceased resided when still alive. 2. Visit a Publication Company The second step is to visit a publication company. It can be a newspaper company, such as SunStar and Philippine Star. Once you’ve chosen a publication company, you should bring the Deed of Extrajudicial Settlement of Estate to their office. If first time inheriting a property, you may wonder what a publication company has to do with this process. You should visit a publication Company since the Deed of Extrajudicial Settlement of Estate should be published within three (3) consecutive weeks. You should publish the Deed of Extrajudicial Settlement of Estate once every week in the city and province. It's an essential process since it's a way to inform those interested in the deceased property. Also, you should secure the Affidavit and Certificate of Publication as you have to submit these documents to BIR. 3. Go to the Treasurer’s Office Next, visit the Treasurer's Office to pay the Transfer Tax Fee. Then, obtain the Tax Clearance, which you should present to the Registry of Deeds. 4. Head to the Registry of Deeds Before visiting the Registry of Deeds, complete the requirements from the BIR, Publication Company, Treasurer’s Office, and the original documents, including the property title of the deceased. However, you should pay bonds to the insurance company if the deceased gives you an inheritance, aside from real estate property, such as cash, bonds, or cars. Remember, don’t skip this process since the Registry of Deeds will also request the necessary documents. Once you've submitted the requirements to the Registry of Deeds, wait for the issuance of the property title named after the heirs. 5. Go to the Assessor's Office For the 5th and final step, go to the Assessor's Office and request the Tax Declaration name to be changed from the deceased to the heirs. You have successfully transferred an inherited property title to the deceased property owner to their rightful heirs. Meanwhile, this step only applies if the deceased doesn't have a Last Will and Testament. This process is also applicable if there are many heirs and they are not arguing about the property. 4 Steps In Transferring A Property Title In The PhilippinesThere are four easy steps to follow when transferring the title of the property you’re buying in the Philippines. Check them out below:
1. Go to the BIR and get a CAR. You need to obtain a Certificate Authorizing Registration from BIR by submitting the requirements and paying the Documentary Stamp Tax and Capital Gains Tax. 2. Proceed to the Treasurer’s Office. If you’re buying a property in your municipality, go to the Municipal Treasurer’s Office, or the City Treasurer’s Office if you’re buying a property in the city. Present your requirements including the CAR issued by the BIR, and then pay the Transfer Tax fee if there are no issues with the property you are buying. 3. Submit all requirements to the Registry of Deeds. The requirements include the original title of the property. After paying the registration fee, wait for a few months for the release of the new title under your name. 4. Update Tax Declaration. Once you have the new property title, go to the Assessor’s Office in order to change the Tax Declaration under your name. How to Prevent Penalty for Property Title Transfer - Lot, House & Lot, CondoAfter agreeing to a sale of a property, whether a lot, house and lot or a condo, the buyer and seller should close the deal thru a Deed of Absolute Sale. The seller or buyer should also pay the necessary taxes to completely transfer the property title from the seller to the buyer.
Only then can the buyer obtain the Torrens Title. Also known as a Certificate of Title, it’s a Certificate of Ownership proving the ownership right of an individual. Thus, it’s essential to register the Deed of Absolute Sale and property title transfer from the seller to the buyer. But what happens when you fail to pay the taxes on time? Read on as we share the late payment penalty for property title transfer and how you can avoid such charges. 1. Delayed Capital Gains Tax (CGT) Once a Deed of Absolute Sale has been created, the next step is to obtain a Certificate Authorizing Registration (CAR). This is issued by the Bureau of Internal Revenue (BIR), which serves as a tax clearance and is required to transfer property title in the buyer's name. Moreover, the Capital Gains Tax should be paid 30 days after the Deed of Sale notarization. To pay the Capital Gains Tax, the seller should pay the tax at the BIR Revenue District Office (RDO), which has jurisdiction over the property's location. But if you fail to pay the said tax, you have to pay the following penalty:
2. Delayed Documentary Stamp Tax (DST) Before BIR issue the Certificate Authorizing Registration (CAR), the Documentary Stamp Tax should also be settled. It should be paid on or before the 5th day of the following month. For instance, if the Deed of Sale was notarized on January 31, 2023, the Documentary Stamp Tax should be paid on or before February 5, 2023. Like Capital Gains Tax, the Documentary Stamp Tax can be paid at BIR RDO, which has jurisdiction over the property's location. On the other hand, if you're unable to settle the payment for Documentary Stamp Tax, you should pay the following penalty:
3. Delayed Transfer Tax Fee After the Deed of Sale notarization, the Transfer Tax Fee should also be paid within 60 days. The Transfer Tax Fee can be paid at the Local Government Unit (LGU) Treasurer's Office, which has jurisdiction over the property's location. To pay the Transfer Tax Fee, secure the following requirements:
However, if the seller or transferor didn’t pay the Transfer Tax Fee on time, you should pay the following penalty:
Wrapping Up Do note that the penalty is based on the tax plus the surcharge. For example, if your Capital Gains Tax is P100,000 and there's a surcharge of 25%, the penalty would be P25,000 for Capital Gains Tax alone. There's also the Documentary Stamp Tax, Transfer Tax Fee, late payment penalties, and interest. So after notarizing your Deed of Sale, I advise you to head straight to BIR and LGU Treasurer's Office to settle the payments and avoid any penalty and interest rate. Fees and Taxes to Pay to Transfer Property Title (House and Lot, Condo, or Land)Whether buying a house, condo, or land, you should pay several taxes and fees to transfer the property title. If you're the buyer, knowing what fees you should pay is essential to prepare your finances, ensuring you have enough funds available.
But what are the fees you should pay when transferring a property title? Keep reading to learn about the 4 major fees you should pay to transfer property title. 1. Documentary Stamp Tax The Documentary Stamp Tax (DST) should be paid during a sale or transfer of a property, indicating the official transaction between the involved parties. Also, a DST signifies an original document and 1.5% (0.015) of the property value. Let’s say, for example, the market value of the property you’re planning to buy is P1,000,000, and it's higher than the zonal value. When we compute it, 1.5% of P1,000,000 is P15,000. So if you're the buyer, you should include it in your budget. 2. Transfer Tax Fee Secondly, the buyer should pay the Transfer Tax Fee. It's 0.5% (0.005) of the selling price, market value, or zonal price, whichever is higher. However, this percentage only applies to properties in the province since the Transfer Tax Fee in Metro Manila goes up to 0.75% (0.0075). If you’re purchasing a property in the province with a P1,000,000 market value, the Transfer Tax Fee will amount to P5,000. But in Metro Manila, the Transfer Tax Fee would be P7,500. 3. Registration Fee (fixed) Apart from taxes, the buyer should pay the Registration Fee, a fixed amount based on the table of fees from the Registry of Deeds. The Registration Fee is often 0.25% of the market value, zonal value, or selling price, zonal value, whichever is higher. Nonetheless, a property with a market value of P1,000,000 has a fixed Registration Fee of P5,736. So it’s ideal to check the fees directly from the Registry of Deeds. 4. Notarial Fee According to the Integrated Bar of the Philippines, the Notarial Fee reaches up to 3% of the total selling price. But the commonly computed fee is only 1% (0.01). For a property worth P1,000,000, the notarial fee would be P10,000. When totaled, the buyer should pay P35,736 fees if the property is in the province or P38,236 in Metro Manila. Note that we didn't include the Capital Gains Tax in this computation. It's the largest tax required when transferring a property title. Usually, the seller pays for it instead of the buyer. The Capital Gains Tax is 6% (0.06) of the property value or P60,000 for a P1,000,000-worth property. On the other hand, the buyer can also pay the Capital Gains Tax depending on the agreement with the seller. Furthermore, transferring a property title will include minor fees, like securing or printing certificates. If you're busy, you can hire a broker or salesperson and pay them a processing fee to complete the paperwork. Nonetheless, this is only optional since you can transfer the property title yourself. Lastly, it's important to discuss thoroughly with the seller who should pay this and that before proceeding with the transaction. Summary: Transferring a property title is time-consuming and requires a lot of paperwork. If you're the buyer, you should also have enough finances to transfer the rights and ownership of the property under your name. Thus, it's necessary to understand what fees you should prepare for during the transfer process before you seal the deal. |
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