Affidavit Of Ownership
Prepare an Affidavit Of Ownership Online
An affidavit of ownership is a document, that states something as your property.
It serves as a confirmation of your items being purchased. When dealing with different financial transactions, which imply large sums of money, there may be a range of additional documents required. And sometimes, it’s necessary to provide details of the property being owned or purchased.
That’s why you need to fill in this form. This document shows, that you are the valid owner of specific possessions and explains how they were obtained (purchased, inherited, etc).
Such a statement may be required by a bank in case you want to share, for example, your estate or your vehicle with another person that wants to be qualified as a proprietor. He or she then gets in exchange, the title of the owned object, and is able to decide whether it will be sold or not.
In case an owner becomes bankrupt, he or she can get permission from a trustee to sell the possessions on their own.
How to Complete an Affidavit Of Ownership Form in a Few Steps
This template consists of three pages, so it doesn't take much time to complete.
Enter in the required information into the fillable fields.
Include the following details:
- Address of the property;
- Full names of the owner and the transferee, who will receive the property;
- Personal details of both parties;
- All costs the new proprietor assumes.
Add the current date and notarize the form with your signatures. Sign electronically and send the completed document to the second party via email in order to get his or her signature.
Note, that this affidavit of ownership letter constitutes a government record as defined by Section 37.01 of the Texas Penal Code. Submission of a false government record is punishable by law.
Attach additional pages if needed, to supply the required names and addresses.