transfer of ownership


Any process in which a property changes hands from one owner to another.

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You should try to make sure that you always fill out the necessary paperwork any time there is a transfer of ownership.

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When Amy sold her house to George last year, the house no longer belonged to her once the final papers were signed and the transfer of ownership was completed.

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After a long discussion between the current owner of the speed boat and the potential buyer, the owner wrote and signed the bill of sale making the transfer of ownership complete.

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