Alberta Land Title Name Additions.
Adding Names to Land Titles in Alberta
Are you thinking about adding a name to your land title in Alberta? Many people do this for various reasons, such as getting a co-signer for a mortgage, sharing an inheritance, or avoiding probate. However, while the process is not complex or expensive, it does involve legal risks that you should be aware of before making any changes.
At Kahane Law Office in Calgary, our real estate lawyers regularly assist clients with making changes to their land title registrations. We understand the benefits and risks involved in this process and provide our clients with transparent, flat-rate fee pricing.
Here are some important things to consider before adding a name to your land title:
Reasons to Add a Name to Your Alberta Land Title
There are many reasons why people choose to add a name to their land title. You don't need a specific reason to do so, but some common ones include:
- Recently getting married
- Needing a co-signer for a new mortgage
- Sharing an inheritance
- Having someone buy into the property
- Wanting to avoid probate (note that this may not always be effective)
Risks Involved in Adding Names to Land Titles
While adding a name to your land title can have benefits, it also comes with risks. Some common risks to be aware of include:
- Decreased control over your property
- Increased liability for debts or damages
- Complications if there are disputes or changes to the arrangement
- Possible tax implications
Cost of Adding a Name
The cost of adding a name to your Alberta land title is typically low, and at Kahane Law Office, our flat-rate fee includes all usual disbursements. However, keep in mind that if you own multiple properties with separate titles, each title will require a separate transfer of land.
Information Required for Adding a Name
To add a name to your land title, you will need to provide certain information, including:
- Name of current property owner on title
- Address of the property
- Estimated property value
In conclusion, adding a name to your Alberta land title can have benefits, but it's important to understand the risks before making any changes. At Kahane Law Office, we can help you navigate this process and ensure that you have all the information you need to make informed decisions about your property ownership.
How Long Does it Usually Take to Add Names to a Land Title?
Kahane Law Office specializes in real estate law. We aim to meet with clients within a week of their inquiry. The registration process for adding a name to a title at the Alberta Land Titles Office fluctuates. Processing can take anywhere between 2-3 business days to 3-4 months. Unfortunately, there is no way to expedite this process in the land titles system.
Calgary Law Firm to Add Names to Your Land Title
We pride ourselves in providing efficient, fast, and reasonably priced legal services. We offer flat rates so that you know how much you will be paying ahead of time and can feel assured in the proper addition of names to your land title. Contact Kahane Law Office's real estate lawyers at your convenience by calling toll-free at 1-877-225-8817 (or locally in Calgary, Alberta and surrounding areas call 403-225-8810), or send us an email directly."
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