What documents are typically used to transfer ownership at closing in NS?

What documents are typically used to transfer ownership at closing in NS?

• A. A deed of sale executed by the buyer alone.
• B. The transfer instrument and related title documents prepared by the lawyer, with title registration or recording in the land registry.
• C. A personal property bill of sale.
• D. A mortgage commitment from the lender.

Answer: (B)

At closing, ownership is transferred through the transfer instrument (deed) and related title documents that the lawyer prepares, and the change is completed by registering or recording that transfer in the land registry. This official registration is what updates the title to show the buyer as the new owner; without it, the buyer doesn’t have legal title even if the documents are signed. The seller’s signature is required on the transfer instrument, and the lawyer coordinates the title documents, searches, and any encumbrances to ensure a clear transfer. A personal property bill of sale covers movable items, not real estate. A mortgage commitment from the lender does not convey ownership either; it arranges financing but does not transfer title.

At closing, ownership is transferred through the transfer instrument (deed) and related title documents that the lawyer prepares, and the change is completed by registering or recording that transfer in the land registry. This official registration is what updates the title to show the buyer as the new owner; without it, the buyer doesn’t have legal title even if the documents are signed. The seller’s signature is required on the transfer instrument, and the lawyer coordinates the title documents, searches, and any encumbrances to ensure a clear transfer. A personal property bill of sale covers movable items, not real estate. A mortgage commitment from the lender does not convey ownership either; it arranges financing but does not transfer title.