How to Transfer Real Estate Title from Parent to Child

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• How to Transfer Real Estate Title from Parent to
  Child

• 416-321-8766

• john_at_zinatikay.com

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• Title Transfer Process

• Title transfer Transferring Property Ownership
  from One Person to Another
• Reasons Why Parents Transfer Property to a Child
• To provide a financial gift
• To help their child get a mortgage
• To ensure that the property stays in the family
• Different Ways Parents Transfer Property to a
  Child

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1. Sell Home to Your Child

• One way to transfer title is to sell the home to
  your child.
• The child will need to qualify for a mortgage.
• The child will also be responsible for property
  taxes and other expenses.

2. Gift Your Property

• Another way to transfer title is to gift the
  property to your child.
• This will involve a gift deed.
• There are no taxes due on a gift of real estate
  if the value of the gift is less than the annual
  gift tax exemption.

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3. Bequeath Your Property

• The third way to transfer title is to bequeath
  the property to your child in your will.
• There are no taxes due on the transfer of
  property at death.

4. Deed/Title Transfer

• Once you have decided how you want to transfer
  title, you will need to prepare a deed.
• The deed must be signed by the current owner of
  the property and must be recorded with the local
  land registry.

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5. Title Transfer with Mortgage

• If the property has a mortgage, the parent can
  add the child as a co-signer or transfer the
  mortgage entirely to the child.
• Adding the child as a co-signer means both
  parents are responsible for payments.
• Transferring the mortgage entirely to the child
  means the parent is no longer responsible for
  payments.
• Land transfer taxes may apply.

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• Title Transfer Related Links

• How To Transfer a Real Estate Title in Toronto
• 7 Interesting Facts to Know About Property Titles
• Most Common Real Estate Title Transfer Problems
• What Is a Title Transfer and Why Do You Need One?
• Beware Of These Points While Doing a Title
  Transfer
• What Are the Risks of Adding Someone to Your
  Property Title?

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• Contact Us

100 Cowdray Ct suite 320, Scarborough, ON M1S 5C8

• 381 Front St W, CityPlace near the
  Skydome,Toronto, ON M5V 3S1

• 416-321-8766

• john_at_zinatikay.com info_at_zinatikay.com

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