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DR501TS N. 09/15 Rule 12D16.002, F.A.C. Eff. 09/15 DESIGNATION OF OWNERSHIP SHARES OF ABANDONED HOMESTEAD Section 193.155(8), Florida Statutes File this form if you and your spouse (or former spouse)
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How to fill out dr-501ts designation of ownership

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How to fill out DR-501TS Designation of Ownership:

01
Start by entering the full legal name of the person or entity that currently owns the property in the "Current Owner" section.
02
Provide the physical address of the property being transferred in the "Property Address" section.
03
Indicate the type of ownership being transferred (i.e., sole ownership, joint ownership, etc.) in the "Type of Ownership Being Transferred" section.
04
Specify the full legal name of the new owner(s) in the "New Owner(s)" section. If there are multiple new owners, ensure their names are listed accurately.
05
Provide the new owner(s)' mailing address(es) in the "New Owner(s) Mailing Address" section.
06
Sign and date the form at the bottom in the "Signature" and "Date" sections.
07
If applicable, include any additional notes or comments in the space provided at the end of the form.

Who needs DR-501TS Designation of Ownership:

01
Individuals or entities who are purchasing or acquiring property and need to officially transfer the ownership.
02
Current property owners who are transferring the ownership to another individual or entity, such as in cases of sales, gifts, or inheritances.
03
Real estate agents or lawyers who are representing the buyer or seller in the property transfer process and need to document the ownership change accurately.
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DR-501TS Designation of Ownership is a form used to designate the ownership of a property in Florida for tax purposes.
Property owners in Florida are required to file DR-501TS Designation of Ownership form.
To fill out DR-501TS Designation of Ownership, property owners need to provide information about the property, ownership details, and any changes in ownership.
The purpose of DR-501TS Designation of Ownership is to ensure that property ownership is accurately documented for tax assessment purposes.
Information such as property details, ownership structure, and any changes in ownership must be reported on DR-501TS Designation of Ownership.
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