Transfer of Title-Warranty Deed

The answer to that question is yes; yet, much like the majority of things in this world, it’s not quite as easy as that. There are several warranties that can be handed down from one owner to another. The conditions of your contract with the firm from where you acquired your coverage will determine whether or not your warranty may be transferred to another owner. It is necessary to carry in your mind that warranties cannot be moved from one car to another under any circumstances. Both the level of coverage and the cost of the insurance were calculated based on a single vehicle, and as a result, they cannot be transferred to another vehicle. One metaphor that pops to mind is that of an insurer. Your current medical history, your attitude, and your demographic information are taken into consideration when designing your health insurance plan. Someone who has had health problems for a long time will have different prices and different requirements for inclusion on a policy than someone who is young, active, and healthy and does not smoke. The same is true for keeping your car healthy and up to date on its maintenance! These businesses determine their prices according to the likelihood that they will have to settle a claim for some amount of money. They demand evidence showing that you taken the time and effort to maintain the vehicle by keeping up with basic preventative measures such as swapping the oil on a daily basis in order to lessen the likelihood of this happening. If these maintenance items are neglected, the contract will be null and invalid. Certain auto warranties allow for the transferring of coverage from one owner to another for the same vehicle.

The full (typical) procedure for a straightforward transfer takes two to three months. It’ll go much more quickly if you work on many steps at once. Work with legal counsel to draw out a Deed of Excess Settlement (EJS) amongst heirs.

Gather the originals (and certified copies) of everything that will be needed to pay and file the Estate Tax Return, including proof of marriage, land title(s), tax proclamation of the property(ies) of the person who died at the moment of death, certified copy of no development (if applicable), list of provincial and local property holdings, heirs’ TINs, and a notarized EJS. Estate Tax Return documentation must be sent to the BIR*. Once the fee has been paid, the BIR will issue a Certificate Authorizing Registration (CAR).

In the meanwhile that we wait for the CAR: A copy of the notarized EJS must be sent to a local newspaper in order to publicize the adjudication/settlement in three (3) circulations. Affidavit of Publication requests can be made after that; Get a Real Estate tax Clearance by paying the transfer tax at the Treasurer’s office, and an RPT Clearance by updating and paying any outstanding real property taxes for the current year.

Submit the original paperwork to the RD for transfer and registration after the CAR has been released (notarized EJS, Oath of Publications, Transfer Tax Approval, RPT Authorization, owner’s counterpart of land title, and BIR CAR). Title transfer to the heirs often takes two to four weeks.