How to give up a share of ownership

Unfortunately, the laws of our country are such that just up and abandon the share of ownership is impossible. In other words, the denial of the right to ownership, like property in General, in favor of someone impossible. But if the participant in shared property wishes to give his part in favor of another owner, or person unrelated to the property, then there are two options for the implementation of these actions.

Give their share. In order to do so, to sign the agreement in the simple written form of donation of share of ownership. Or fill out our form notarized contract of gift, which is often. For this you need to go to the notary. Give him the following documents: passport of the parties, title to the property (contract of transfer of ownership, the contract of purchase and sale, division, share, certificate of inheritance by law or by will, etc.), technical documentation, data on a residence (if the purpose), the consent of the spouse on the contract (if spouse is present). A complete list of documents can be specified directly by a notary.

Sell a share of ownership. This also could be done in two ways - having the contract in writing or notarized. For registration of the contract of sale at the notary, collect the following documents: passport of the parties, legal documents, technical documentation, data on a residence (in the case of residential premises), the consent of the spouse on one hand, the consent of the spouse to purchase the other.

If you decide to draw up a contract of donation or sale in the simple written form, it is better to turn to lawyers. Even in this simple case there are many nuances that must be considered and must be specified in the agreement, to later not having problems with ownership of the transferred shares.