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BOE-502-A (P1) REV. 11 (07-10) 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
Obtain the necessary forms: Visit the website of your local government or county assessor's office to download the preliminary change of ownership form. Alternatively, you can pick up the form in person from their office.
02
Fill in the property details: Provide accurate information about the property being transferred. This includes the address, legal description, and any relevant parcel or lot numbers.
03
Enter the current owner's information: Include the name, mailing address, and contact details of the current owner(s) of the property.
04
Add the new owner's information: Enter the name, mailing address, and contact details of the new owner(s) who will be receiving the property.
05
State the transfer date: Indicate the exact date when the change of ownership is taking place or is expected to take place.
06
Sign and date the form: The current owner(s) must sign and date the form to verify its authenticity.
07
Provide additional documentation: In some cases, additional documentation may be required to support the change of ownership. This could include a copy of the purchase agreement, a death certificate in the case of inheritance, or any other relevant supporting documents.

Who needs preliminary change of ownership:

01
Property sellers: If you are selling a property, you may need to complete a preliminary change of ownership form to document the impending transfer of ownership.
02
Property buyers: As a buyer, you may also need to fill out a preliminary change of ownership form to register your interest in the property and facilitate the transfer process.
03
Inherited property recipients: If you've recently inherited a property, you may be required to submit a preliminary change of ownership form to establish your ownership rights.
04
Legal representatives: Attorneys, estate agents, or any other authorized individuals representing the buyer or seller may need to complete this form on behalf of their clients.
Remember to consult with your local government or county assessor's office to ensure compliance with specific regulations and requirements related to the preliminary change of ownership process.
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Preliminary change of ownership refers to the process of reporting any changes in property ownership before the official transfer is completed.
The individual or entity who is in the process of acquiring or transferring ownership of a property is required to file a preliminary change of ownership form.
The preliminary change of ownership form can be filled out online or submitted in person at the appropriate county assessor's office.
The purpose of preliminary change of ownership is to ensure that property transfers are properly documented for tax assessment purposes.
The preliminary change of ownership form typically requires information such as the names of the parties involved, property address, sale price, and any financing terms.
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