Forms of property ownership
Before you transfer ownership of any property, know the kind of ownership being discussed. Some are better handled with specific deeds of conveyance.
Forms of property ownership types include:
- Sole ownership.
A single person owns the property. - Joint tenancy.
Multiple people own the property. - Rights of survivorship.
Multiple people own the property and inherit equal shares after another owner’s death. - Tenants in common.
Multiple people own the property and do not inherit any shares after another owner’s death. - Tenancy by entirety.
Two people own a property, one of whom inherits the entire property after the other’s death.

My husband, myself, and our children and their spouses are going to purchase a lake home. My husband is the one who is taking out the mortgage loan. Can we have the title company put all of our names on the title, and will it affect the mortgage loan? My husband thinks if we request this that it will require all parties to submit information for the loan. Thanks!
Hi Jennifer,
Thank you for your inquiry.
Thank you for contacting finder we are a financial comparison website and general information service we are not mortgage or property experts.
The cost of changing the details of a property title differ depending on the state or territory the property is located in so please contact them directly to get the full list of fees and charges.
Although you can action this process yourself it is recommended that you utilise the services of a conveyancer as they can explain the process and fees as well as walk you through the process and assist you to make sure it is all done correctly.
I hope this information has helped.
Cheers,
Harold
My husband is a bit older than me and is worried that he may have to go into a nursing home soon. He would like to take his name off the title of our house (which is in both names) so the nursing home cannot touch our property. Is this a good idea? The house is paid off. Thank you.
Hi Betsy,
Thanks for reaching out.
If your husband wishes to give his interest in your property to you with no compensation, he has the choice of filing a quitclaim deed or a gift deed. If he uses the quitclaim route, then you don’t need to report the property as a gift. Having said that, we can’t really say if this is the best course of action for you. I suggest you speak to a lawyer or other experts on the matter who can fully discuss to you the implications of quitclaim and gift deeds. You may click the “Enquire” button above to consult with a real estate lawyer.
Best regards,
Liezl
I am moving to a different province and my girlfriend wanted to follow me. We got a mortgage together, made an offer and bought a house together. We haven’t gone through the lawyer for possession yet and she decided she doesn’t want to move anymore. I’m a bit short to qualify for refinancing on my own but I can make the monthly payments. At this stage, is it possible to get the deed done with my name only, assume all payments on my own until I have enough equity or enough salary to refinance? Or what would be the best course of action? My move is in two weeks.
Thank you for any help provided.
Hi Yan,
Thanks for reaching out.
If you don’t want to go through the process of refinancing, some lenders will consider allowing you to assume the existing mortgage outright. This means that you’d take over the mortgage and its payments. But you may need to provide proof that you are financially able to cover the monthly mortgage. Seek the help of a lending professional before deciding on this option.
As for registering the property under your name only, you and your girlfriend may execute a memorandum of agreement to help you clarify and keep track of what you have agreed on. I suggest you seek the assistance of a lawyer who can best guide on the process.
Best regards,
Liezl
I just found out my mother’s house was willed to myself & my sister, my sister didn’t inform me & one week after my mother died my sister did a deed to deed with her name only. Do I have any rights to the property?
Hi John,
Thanks for your question.
Generally, when a person dies with a will, the properties will be distributed in accordance with the will.
It is the responsibility of a personal representative (as appointed by the testator) to execute the will. If the deceased did not appoint a representative, it could be the nearest of kin or a lawyer.
Kindly note that we only provide general information. If you need expert advice in regards to the best course of action given that a deed was made without your name, you can get in touch with a lawyer to assist you.
Cheers,
Anndy
How do I take my name off of property just learn that the land went to other relatives but I been paying the taxes on it for several yrs now and they wants it so I need my name off of it .
Hi Helen,
Thank you for reaching out to us.
If you want to have your name removed from the property, you may need to complete a deed of conveyance which is either a quitclaim or warranty deed. In your case, a warranty deed can be completed as you are transferring the right to change the ownership to your relatives. Kindly refer to the guidelines above for completing the process.
Also, it will be best if you will speak to a lawyer and seek legal advice.
Let us know if there is anything else that we may assist you with.
Cheers,
Ash