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Development Services Department Building Division 511 Royal Ave, New Westminster BC V3L 1H9 Phone: 6045274580Change of Ownership In the event of a change of ownership before construction is completed

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How to fill out change of ownership

01

To fill out the change of ownership form, follow these steps:

02

Obtain the change of ownership form from the appropriate government agency or organization.

03

Read the instructions on the form carefully to understand all the requirements and information needed.

04

Gather all the necessary documents and information, such as proof of identity, proof of ownership, and any supporting documentation required.

05

Fill out the form accurately and completely, providing all the requested information. Use legible handwriting or type the information if required.

06

Attach any supporting documents as instructed. Make sure to provide all the necessary evidence to support the change of ownership.

07

Review the completed form to ensure all the information is correct and all required fields are filled.

08

Sign and date the form as the current owner, acknowledging the transfer of ownership.

09

Submit the filled-out form and any accompanying documents to the designated office or agency, following their guidelines for submission.

10

Keep a copy of the completed form and any submitted documents for your records.

11

Wait for the processing of the change of ownership. Follow up with the office or agency if required.

12

Once the change of ownership is approved, ensure to update any relevant records or documentation reflecting the new ownership details.

Who needs change of ownership?

01

Change of ownership is needed by individuals or entities who are transferring ownership of a property or asset to another party.

02

This may include:

03

- Property owners who are selling their property and transferring ownership to the buyer.

04

- Individuals who are gifting their assets to someone else and need to transfer ownership.

05

- Businesses or organizations that are undergoing a change in ownership structure or transferring ownership to new owners.

06

- Inheritance cases where the ownership of a property or asset needs to be transferred to the rightful heirs.

07

- Any other situation where a legal transfer of ownership is required.

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What is change of ownership?

Change of ownership refers to the process of transferring legal ownership of a property from one party to another.

Who is required to file change of ownership?

The new owner of the property is typically required to file the change of ownership.

How to fill out change of ownership?

Change of ownership forms can be obtained from the local county assessor's office and must be filled out with accurate information regarding the new owner and property details.

What is the purpose of change of ownership?

The purpose of change of ownership is to update the legal records to reflect the new owner of the property for tax and assessment purposes.

What information must be reported on change of ownership?

The change of ownership form typically requires information such as the new owner's name, address, purchase price, and property location.

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