If the property is to be conveyed subject to a mortgage, a copy of the mortgage and whether the mortgage is to be assumed. If the transfer of the property will occur through an escrow company, the contact information of the escrow officer and the sales contract setting forth the terms of the transfer. The amount, if any, that the new owner is paying to obtain the property. The tenancy by which the new owner wishes to hold title. If a new owner is an individual, we will also need such owner’s marital status. The full legal name(s) and address(es) of the new owner. If an owner does not have any of the foregoing, we can obtain a copy of the current recorded conveyance or transfer document for a nominal charge. The current owner’s title policy, a title report for the property, or a copy of the current recorded conveyance or transfer document. Q: What information do you need to prepare a deed or assignment of lease? A: Generally, we need the following: The deed or assignment of lease must be recorded in the State of Hawaii Bureau of Conveyances or Land Court.Ī Conveyance Tax Certificate must be filed and any tax due must be paid. The deed or assignment of lease must be signed (in black ink) by the current owner and the new owner before a notary public. We would draft a deed (if the property is fee simple) or assignment of lease (if the property is leasehold) that describes the property being transferred and the tenancy by which the new owner will hold title. Q: How does an owner transfer the title to a property?
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