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BOE-502-AH (P1) REV. 12 (08-09) CHANGE OF OWNERSHIP STATEMENT REAL PROPERTY OR MANUFACTURED HOMES SUBJECT TO LOCAL PROPERTY TAXES This statement represents a written request from the Assessor. Failure

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How to fill out change of ownership statement

How to fill out change of ownership statement:

01

Obtain the change of ownership statement form from the relevant authority or organization dealing with the transfer of ownership. This form is typically available online or can be obtained in person.

02

Provide the necessary information about the current owner, including their name, address, contact details, and any additional information required by the form.

03

Provide the information about the new owner, including their name, address, contact details, and any other relevant information specified by the form.

04

Indicate the reason for the change of ownership. This could be due to a sale, inheritance, gift, or any other valid reason.

05

Provide a detailed description of the property or asset that is being transferred, including its location, physical features, value, and any accompanying documents that may be required.

06

Attach any supporting documentation to the form, such as proof of purchase, legal documents, identification, or any other relevant paperwork requested.

07

Review the completed form for accuracy and make sure all required fields have been filled out correctly.

08

Sign and date the change of ownership statement. If there are multiple owners involved, each owner may need to sign the form.

Who needs change of ownership statement?

01

Individuals or businesses who are transferring ownership of a property or asset may require a change of ownership statement.

02

This statement is often necessary for legal and administrative purposes to ensure a smooth transfer of ownership and to update official records.

03

Entities such as real estate agencies, government agencies, financial institutions, and legal professionals often require change of ownership statements to process the transfer and update their records accurately.

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What is change of ownership statement?

The change of ownership statement is a document used to report any changes in ownership of a property or asset.

Who is required to file change of ownership statement?

Property owners or individuals who have acquired ownership of a property are required to file a change of ownership statement.

How to fill out change of ownership statement?

The change of ownership statement can typically be filled out online or submitted in person at the relevant government office. It requires information about the property, current and new owners, and the nature of the ownership change.

What is the purpose of change of ownership statement?

The purpose of the change of ownership statement is to ensure that property ownership records are up to date and accurate, and to document any changes in ownership that may impact property taxes or other related matters.

What information must be reported on change of ownership statement?

The change of ownership statement typically requires information such as the property address, assessor's parcel number, names of current and new owners, date of ownership change, and details of the transfer.

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