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BOE-502-A (P1) REV. 12 (05-13) PRELIMINARY CHANGE OF OWNERSHIP REPORT To be completed by the transferee (buyer) prior to a transfer of subject property, in accordance with section 480.3 of the Revenue
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How to fill out preliminary change of ownership

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How to fill out preliminary change of ownership:

01
Fill in the basic information: Start by filling out the necessary details such as the property address, owner's name, and contact information. Make sure to double-check for accuracy.
02
Provide property details: Describe the property in detail, including its type (residential, commercial, etc.), size, and any additional features or improvements. It's important to be specific and provide any necessary documentation or supporting evidence if required.
03
Indicate the type of ownership change: Specify whether the change of ownership is due to a sale/purchase, inheritance, gift, or any other relevant reason. Include the date of the change and any related information.
04
Include buyer/seller information: If the ownership change is due to a sale/purchase, include the buyer's and seller's information, including their names, contact details, and signatures if necessary. If applicable, provide the real estate agent or attorney involved in the transaction.
05
Attach supporting documents: Depending on the specific requirements of your jurisdiction or circumstances, you may need to include additional documents such as a copy of the sales agreement, deed, or tax declaration form. Make sure to include any required attachments and ensure they are duly signed and dated where necessary.

Who needs preliminary change of ownership:

01
Property buyers: Individuals or entities purchasing a property would need to fill out a preliminary change of ownership form to officially transfer ownership rights from the seller to themselves.
02
Property sellers: For sellers, the preliminary change of ownership form allows them to notify the relevant authorities of the transfer and ensure the legal transfer of ownership.
03
Inherited property: In cases where there is a change of ownership due to inheritance, the intended recipient or heir will need to complete the preliminary change of ownership to establish their legal ownership rights.
04
Gifting property: If a property is being gifted to someone, both the donor and the recipient would generally need to complete the necessary change of ownership documentation to ensure a legal transfer.
05
Other ownership changes: There might be various other situations where a change of ownership occurs, such as in cases of divorce, dissolution of partnerships, or trust transfers. In such cases, the involved parties would need to complete the preliminary change of ownership accordingly.
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Preliminary change of ownership is the process of reporting a change in ownership of real property.
The new owner of the real property is required to file preliminary change of ownership.
Preliminary change of ownership forms can typically be filled out online or submitted in person to the appropriate county office.
The purpose of preliminary change of ownership is to update the county records with the new owner's information.
The preliminary change of ownership form typically requires information such as the new owner's name, address, and contact information.
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