What is an Inter Vivos Transfer?
An inter vivos transfer refers to the transfer of property or assets made during the lifetime of the grantor. This type of transfer contrasts with transfers made as part of a will or upon death. In real estate, it involves transferring ownership of property from one living person to another, typically through sale, gift, or exchange.
Identify the Primary Legislation that Deals with Registered Property in Jamaica
The primary legislation that governs registered property in Jamaica is the Registration of Titles Act. This Act provides the legal framework for the registration, transfer, and management of property titles in the country.
Documents Required for a Vendor When Selling a Property
When selling a property, the vendor needs to provide several key documents, including:
Duplicate Certificate of Title
Property Tax Certificate
Up-to-date Water Bill and Receipt
Supporting document (if acting under Power of Attorney/Probate, etc.)
Completed KYC form
Executed Multi L…
