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 Lawyer's Corner v2, One-stop centre for any legal queries

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mlyuki
post Aug 24 2012, 01:50 PM

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Hi now i like to ask about propertytitle.
i vooked a subsale house, now engaging lawyer to prepare s&p.
1. if i put my name only, can i add my spouse name next time ? what is the cost & procedure to add name?
2. if intend to put two person name, is there a way to say im the main owner or shareholder of the house? is putting my name as primary workable?
3. if divorce, husband have the right to get the share of property even the property is only under wife'sname?
4. for subsale s&p if seller want to sign first but stamping later, any impact to the buyer? i guess seller want to save the tax incurred so request to stamp much later. sign august but stamp on oct.

Thanks.

This post has been edited by mlyuki: Aug 26 2012, 04:30 PM
mlyuki
post Aug 27 2012, 10:10 AM

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QUOTE(dariofoo @ Aug 26 2012, 09:21 PM)
1. Property purchased by cash or with loan?
Purchased with 90% loan.

2. You can put one name as 2/3 owner and the other as 1/3 but it has no difference as you can't transfer your undivided share in the property. Basically, the property can't be divided into 3 pieces, even though shares are on a 1/3 basis.


3. Who paid for the property or the instalments?
Wife paid for the deposit and the installments shared by both (half each).

4. Then pay the deposit later as well. Or pay it into a lawyer's client's account as stakeholder in the interim.
Ok.

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