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Get the free Preliminary change of ownership report - Exeter 1031 Exchange

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BOE502A (FRONT) REV. 8 (1005) FOR RECORDERS USE ONLY PRELIMINARY CHANGE OF OWNERSHIP REPORT To be completed by transferee (buyer) prior to transfer of subject property in accordance with section 480.3
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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 form: The preliminary change of ownership form can usually be obtained from your local county assessor's office or through their website. Make sure you have the correct form for your specific situation.
02
Gather required information: Before filling out the form, gather all the necessary information. This may include the property's address, legal description, current owner's name, new owner's name, and the date of transfer. Double-check that you have all the correct and accurate details.
03
Complete the form: Fill in the form with the required information. Be sure to provide all the details accurately and legibly. Check for any additional sections or instructions on the form that may need to be completed, such as any exemptions or special circumstances.
04
Sign and date the form: Once you have filled out the form, carefully read through it to ensure everything is accurate. Then, sign and date the form as the current owner of the property. This signifies your agreement and consent to the transfer of ownership.
05
Submit the form: After completing and signing the preliminary change of ownership form, submit it to the designated office. Typically, this is the county assessor's office. Make sure to submit the form within the specified timeframe to avoid any penalties or delays.

Who needs preliminary change of ownership:

01
Property buyers: If you are in the process of purchasing a property, you may need to complete a preliminary change of ownership form. This form establishes the transfer of ownership from the current owner to you, the buyer.
02
Property sellers: As a property seller, you may also be required to fill out a preliminary change of ownership form. This form acknowledges the change in ownership from you to the buyer.
03
Real estate agents: Real estate agents involved in a property transaction may need to assist their clients in filling out the preliminary change of ownership form. It is crucial for them to understand the process and guide their clients through the necessary steps.
Remember, it is always advisable to consult with a legal professional or seek guidance from your local county assessor's office for any specific requirements or instructions related to filling out the preliminary change of ownership form.
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The preliminary change of ownership is a form used to report any changes in ownership of real property.
Any individual or entity who acquires an interest in real property is required to file a preliminary change of ownership.
The preliminary change of ownership form can be filled out online or submitted in person to the appropriate government office.
The purpose of the preliminary change of ownership form is to ensure that the correct ownership information is recorded for tax purposes.
The preliminary change of ownership form requires information such as the property address, the names of the new owners, and the date of acquisition.
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